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Investment of Funds

Discuss Investment of Funds within the Management Of Co-operatives ( MOC ) forums, part of the Resolve Your Query - Get Help and discuss Projects category; Investment of Funds RBI has decided to prohibit parking of urban co-operative banks (UCBs) deposits with other UCBs, except for ...

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Abhijeet S
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abhishreshthaa
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Investment of Funds - September 16th, 2010

Investment of Funds

RBI has decided to prohibit parking of urban co-operative banks (UCBs) deposits with other UCBs, except for maintaining balances in current accounts for meeting their clearing and remittance requirements. UCBs should, therefore, not place any fresh deposits with other UCBs.


Parking of funds / keeping deposits by urban co-operative banks with other UCBs may pose a systemic risk and can affect depositing banks’ financials in the event of any financial problem afflicting the deposit accepting bank.

The UCBs, which are maintaining funds in the form of fixed deposits or term deposits with other UCBs are required to unwind the outstanding deposits with other UCBs before the end of June 2002.

The banks should report on a quarterly basis their position of fixed deposits with other UCBs / institutions to respective regional offices of the Reserve Bank, under whose jurisdiction they are functioning. The first of such statement should report the position as on March 31, 2001.


This is response to the Co-operative scam story in the history of Indian banking system.
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Jitendra Mazee
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Re: Investment of Funds - January 19th, 2018

Quote:
Originally Posted by abhishreshthaa View Post
Investment of Funds

RBI has decided to prohibit parking of urban co-operative banks (UCBs) deposits with other UCBs, except for maintaining balances in current accounts for meeting their clearing and remittance requirements. UCBs should, therefore, not place any fresh deposits with other UCBs.


Parking of funds / keeping deposits by urban co-operative banks with other UCBs may pose a systemic risk and can affect depositing banks’ financials in the event of any financial problem afflicting the deposit accepting bank.

The UCBs, which are maintaining funds in the form of fixed deposits or term deposits with other UCBs are required to unwind the outstanding deposits with other UCBs before the end of June 2002.

The banks should report on a quarterly basis their position of fixed deposits with other UCBs / institutions to respective regional offices of the Reserve Bank, under whose jurisdiction they are functioning. The first of such statement should report the position as on March 31, 2001.


This is response to the Co-operative scam story in the history of Indian banking system.
Wow friend, it is really great work to share details on Investment of Funds and i am sure it would help many other people. Well, i am also sharing some important information on Investment of Funds.
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