{"id":86405,"date":"2019-12-29T16:15:56","date_gmt":"2019-12-29T10:45:56","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=12608"},"modified":"2019-12-29T16:15:56","modified_gmt":"2019-12-29T10:45:56","slug":"rbi-directs-large-co-op-banks-to-report-all-exposures-above-rs-5-crore","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/rbi-directs-large-co-op-banks-to-report-all-exposures-above-rs-5-crore\/","title":{"rendered":"RBI directs large co-op banks to report all exposures above Rs.5 crore"},"content":{"rendered":"\n<p><strong>News:<\/strong>The Reserve Bank of India(RBI) has directed large cooperative banks to report all aggregate exposures of Rs.5 crores and more to Central Repository of Information on Large Credits(CRILC).<br><\/p>\n\n\n\n<p><strong>Facts:<\/strong><br><\/p>\n\n\n\n<p><strong>About CRILC:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The Reserve Bank of India has created a CRILC of commercial banks, certain Non-Banking Financial Companies (NBFCs) and All India Financial Institutions(AIFIs).<\/li><li>CRILC collects, store, and publish data on all borrowers\u2019 credit exposures.The Banks\/Financial Institutions are expected to report findings to CRILC.&nbsp;<\/li><li>The banks have to provide credit information to CRILC about their borrowers with an aggregate fund-based and non-fund based exposure of and over Rs.5 Crores (Rs.50 million).&nbsp;<\/li><li>The banks should also report the Special Mention Accounts(SMA) status of their borrowers to the Central Repository of Information on Large Credits.<\/li><\/ul>\n\n\n\n<p><strong>Additional information:<\/strong><br><\/p>\n\n\n\n<p><strong>About Co-operative Banks:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>A Co-operative bank is a financial entity which belongs to its members, who are at the same time the owners and the customers of their bank.<\/li><li>Co-operative banking in India started in the early 20th century with the passing of Co-operative Societies Act in 1904 and later with the Co-operative Societies Act, 1912.<\/li><li>They are often created by persons belonging to the same local or professional community of sharing a common interest.<\/li><li>They are classified into two categories namely Urban Co-operative Banks(UCBs) and rural co-operative banks.<\/li><\/ul>\n\n\n\n<p><strong>About Special mention accounts(SMA):<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Special Mention Accounts are those accounts that shows symptoms of bad asset quality in the first 90 days itself.<\/li><li>The Special Mention Account identification is an effort for early stress discovery of bank loans.It was introduced as a corrective action plan to contain stress.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News:The Reserve Bank of India(RBI) has directed large cooperative banks to report all aggregate exposures of Rs.5 crores and more to Central Repository of Information on Large Credits(CRILC). Facts: About CRILC: The Reserve Bank of India has created a CRILC of commercial banks, certain Non-Banking Financial Companies (NBFCs) and All India Financial Institutions(AIFIs). CRILC collects,&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/rbi-directs-large-co-op-banks-to-report-all-exposures-above-rs-5-crore\/\">Continue reading <span class=\"screen-reader-text\">RBI directs large co-op banks to report all exposures above Rs.5 crore<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[3984,394],"class_list":["post-86405","post","type-post","status-publish","format-standard","hentry","category-economy","tag-cooperative-banks","tag-rbi","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":1700788227,"cached_date":1704910904},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=86405"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86405\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}