PMC scam impact: RBI asks co-operative banks to constitute Board of Management

The main functions of BoMs include recommending action for recovery of NPAs, one-time settlement and assisting the board in monitoring the same. The RBI has said the BoM (excluding CEO) shall have a minimum of five members and maximum number of members shall not exceed 12.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/36fEn5O