RBI Task Force on Urban Co-op Banks in Delhi

New Delhi, Aug 7: The RBI has set up a Delhi-level Task Force for identifying potentially viable Urban Co-operative Banks and drawing up a time-bound action plan for their revival, including identifying specific monitorable milestones.

This is pursuant to the signing of a Memorandum of Understanding (MoU) on August 6, 2007, with regard to Urban Co-operatve Banks in the State of Delhi. The MoU was signed between the Government of National Capital Territory of Delhi and the RBI.

As part of its developmental role, the RBI would aso be assessing the training and computerisation needs of these Banks in the capital. The objective is to upgrade their human development skills and technological infrastructure so that they improve their operational efficiency and quality of management information systems.

Mr H R Khan, Regional Director for Delhi, RBI, is the Chairman of the Task Force, and Mr U K Worah, Registrar of Co-operatives Societies is its Co- Chairman.

The other members of the Task Force are: Mr K D Vora, representing the Natioanal Federation of Urban Cooperative Banks, Mr P R Mehra, representing the State Federation of Urban Co-operative Banks, Joint Secretary, Finance, National Co-operative Territory of Delhi, and a representative of Urban Banks Department, RBI, Central Office, Mumbai.

The first meeting of the Task Force will be heed shortly.

MoUs have also been signed with the Governments of the States of Gujarat, Andhra Pradesh, Karnataka, Madhya Pradesh, Rajasthan, Uttranchal, Chhattisgarh, Goa, Maharashtra and Haryana.

UNI