सहकारी बैंकों से 5 करोड़ रुपये से अधिक के कजों पर रपट मांगी आरबीआई ने

Report all exposures above Rs 5 crore: RBI directs large co-op banks: 28.12.2019

Points to Remember:

  • The Reserve Bank has directed large cooperative banks to report all exposures of Rs 5 crore and more to the Central Repository of Information on Large Credits (CRILC), a move aimed at early recognition of financial distress.
  • The Reserve Bank has created a CRILC of commercial banks, all India financial institutions and certain non-banking financial companies with multiple objectives, which, among others, include strengthening offsite supervision and early recognition of financial distress.
  • Earlier in its bi-monthly monetary policy review this month, the RBI had announced that to bring UCBs with assets of Rs 500 crore and above under the CRILC reporting framework.

Important Possible questions based on above News:

  1. Recently the Reserve Bank of India has directed large cooperative banks to report all exposures of ___ and more to the Central Repository of Information on Large Credits (CRILC). Rs 5 crore
  2. The Reserve Bank has directed large cooperative banks to report all exposures of Rs 5 crore and more to the CRILC. What does CRILC stands for? Central Repository of Information on Large Credits

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