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C9 Flashcards

1
Q

“Cooperatives are a reminder to the international community that it is possible to pursue both economic viability and social responsibility” –

A

Former UN Secretary General - Ban Ki- moon

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2
Q

____________________ said: “Suppose I have come by a fair amount of wealth - either by way of legacy, or by means of trade and industry - I must know that all that wealth does not belong to me; what belongs to me is the right to an honorable livelihood, no better than that enjoyed by millions of others. The rest of my wealth belongs to the community and must be used for the welfare of the community”. This forms the essence of the co-operative movement, which is based on the principles of community camaraderie, mutual help, democratic decision making and open membership, etc. commonly known as “Co-operative Principles”.

A

Mahatma Gandhi

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3
Q

first mutual aid society

A

Anyonya Sahakari Mandali’ was formed in Gujarat at Baroda on February 05, 1889

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4
Q

passage of the Co-operative Society Act in

A

1904

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5
Q

first credit society to get registered under Co-operative Society Act

A

Kancheepuram Co-operative Credit Society

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6
Q

Co-operative Societies: Listed under

A

Entry 32 of the State List in the Seventh Schedule of the Indian Constitution. This means that the regulation of cooperative societies primarily falls under the jurisdiction of state governments.

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7
Q

Banking: Listed under

A
  1. Entry 45 of the Union List, indicating that banking activities are regulated by the central government, specifically through entities like the Reserve Bank of India (RBI).
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8
Q

Multi-State Cooperative Societies Act,

A

Multi-State Cooperative Societies Act, 2002.

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9
Q

the banking laws were made applicable to co-operative societies only in

A

1966

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10
Q

AACS)-

A

As Applicable to Co-operative Societies

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11
Q

________________- do not fall under the regulatory or supervisory purview of RBI.

A

The Long-Term Rural Co-operatives, viz., State Co-operative Agriculture and Rural Development Bank (SCARDB) and Primary Co-operative Agriculture and Rural Development Bank (PCARDB)

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12
Q

_______________________ defines UCBs as a co-operative society,

A

Sec. 5 (ccv) of Banking Regulation Act, 1949 (AACS)

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13
Q

paid-up share capital and reserves of which are not less than

A

one lakh of rupees

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14
Q

Marathe Committee

A

liberal licensing policy of ucb

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15
Q

the number of UCBs in the country has come down to __________________ as on March 31, 2024.

A

1472

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16
Q

TAFCUB)

A

State-level Task Force for Co-operative Urban Banks

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17
Q

Guidelines for voluntary transition of UCBs into Small Finance Banks (SFBs) was brought out in

A

2018

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18
Q

Apart from this, Reserve Bank increased the Priority Sector Lending (PSL) target for UCBs from 40% to

A

0.75

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19
Q

RBI has tightened exposure norms linking the ratio to the robust Tier I capital instead of total capital and mandated UCBs to have at least__________ per cent (to be achieved in phased manner) of their aggregate loans and advances comprising of small value loans.

A

50

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20
Q

Reserve Bank released the ‘Technology Vision for Cyber Security: 2020-2023’ for UCBs, based on inputs from various stakeholders. It envisaged a _____________ -pillared strategic approach

A

(i) governance oversight; (ii) utile technology investment; (iii) appropriate regulation and supervision; (iv) robust collaboration; and (v) developing necessary IT and cyber security skills sets.

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21
Q

NDS-OM

A

Negotiated Dealing System – Order Matching (

22
Q

Tier 1 UCB

A

UCBs having deposits up to ₹100 crore.

23
Q

Tier 2 UCB

A

UCBs with deposits more than ₹100 crore and up to ₹1000 crore

24
Q

Tier 3 UCB

A

UCBs with deposits more than ₹1000 crore and up to ₹10,000 crore

25
Q

Tier 4 UCB

A

UCBs with deposits more than ₹10,000 crore.

26
Q

If a UCB transits to a higher Tier on account of increase in deposits in any year, it may be provided a glide path of up to a maximum of ________________ years, to comply with higher regulatory requirements,

A

three

27
Q

Tier 1 UCBs operating in a single district shall have minimum net worth of

A

₹2 crore.

28
Q

All other UCBs (of all tiers) shall have minimum net worth of

A

₹5 crore

29
Q

UCBs which currently do not meet the minimum net worth requirement, as above, shall achieve the minimum net worth of ₹2 crore or ₹5 crore (as applicable) in a phased manner. Such UCBs shall achieve at least 50 per cent of the applicable minimum net worth on or before_________________ and the entire stipulated minimum net worth on or before ____________________

A

March 31, 2026 and March 31, 2028.

30
Q

Tier 1 UCBs shall maintain, as hitherto, a minimum CRAR of ____________ per cent of Risk Weighted Assets (RWAs) on an ongoing basis

A

9

31
Q

Tier 2 to 4 UCBs shall maintain a minimum CRAR of _________- per cent of RWAs on an ongoing basis.

A

12

32
Q

UCBs in Tier 2 to 4, which do not currently meet the revised CRAR of 12 per cent of RWAs, shall achieve the same in a phased manner. Such UCBs shall achieve the CRAR of at least ____________________

A

10 per cent by March 31, 2024, 11 per cent by March 31, 2025, and 12 per cent by March 31, 2026.

33
Q

On a review, it has been decided that the share-linking to borrowing norms shall be discretionary for UCBs which meet the minimum regulatory CRAR criteria of________ per cent and a Tier 1 CRAR of _________ per cent as per the latest audited financial statements and the last CRAR as assessed by RBI during statutory inspection.

A

9, 5.5

34
Q

Umbrella Organisation for UCBs

A

National Urban Cooperative Finance and Development Corporation Limited (NUCFDC

35
Q

Accordingly, UCBs having asset size of ______________ or above have been advised in June 2021 to appoint a chief risk officer

A

₹5,000 crore

36
Q

The PCA Framework shall be applicable to all UCBs under

A

Tier 2, Tier 3 and Tier 4 categories except UCBs under All Inclusive Directions.

37
Q

key areas for monitoring in the revised PCA Framework.

A

Capital, Asset Quality and Profitability

38
Q

Indicators to be tracked for Capital, Asset Quality and Profitability would be

A

CRAR, Net NPA Ratio (percentage of net NPA to net advances) and net profit

39
Q

Exit from PCA and Withdrawal of Restrictions under PCA - Once a bank is placed under PCA, taking the bank out of PCA Framework and/or withdrawal of restrictions imposed under the PCA Framework will be considered: a) if no breaches in risk thresholds in any of the parameters are observed as per _____________ continuous quarterly financial statements, one of which should be Audited Annual Financial Statement (subject to assessment by RBI

A

four

40
Q

The direct advances to agriculture and small and medium enterprise (SME) sectors attract a uniform provisioning requirement of

A

0.25 per cent

41
Q

while the provisioning requirement for advances to the commercial real estate (CRE) sector, commercial real estate - residential housing (CRE-RH), and all other standard advances is

A

1.00 per cent, 0.75 per cent and 0.40 per cent, respectively.

42
Q

Tier 1 UCBs, which were maintaining 0.25 per cent provisions on “all other standard advances” were permitted to achieve the requirement of _________________

A

0.40 per cent in a staggered manner by March 31, 2025.

43
Q

SCARDBs)

A

State Co-operative Agriculture and Rural Development Banks

44
Q

PCARDBs)

A

Primary Co- operative Agriculture and Rural Development Banks

45
Q

STCCS)

A

short-term co-operative credit structure

46
Q

STCCS is primarily 3-tier

A

At the apex level is the State Co-operative Bank (StCB) at the state, at the district level there are District Central Co-operative banks (DCCBs) and at the village level, there are Primary Agricultural Credit Societies (PACS).

47
Q

PACS). are regulated and monitored by the

A

respective State Governments

48
Q

While regulation of State Co-operative Banks (StCBs) and District Central Co- operative Banks (DCCBs) vests with Reserve Bank, their supervision is carried out by National Bank for Agriculture and Rural Development (NABARD) under

A

Section 35 (6) read with Section 56 of the Banking Regulation Act, 1949

49
Q

the amalgamations of the DCCBs with StCBs have to be sanctioned by Reserve Bank of India in terms of the provisions of

A

Section 44-A read with Section 56 of the Banking Regulation Act, 1949.

50
Q

DCCBs are permitted to open new place of business/install ATMs or shift the location of such offices only after obtaining prior approval of the Reserve Bank of India in terms of Section

A

23 read with Section 56 of BR Act, 1949.

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