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Nabard to
enhance monitoring co-op banks
Our Banking Bureau
4 June 2002
 Mumbai:
National Bank for
Agriculture and Rural Development (Nabard) is in the process of
strengthening the supervisory framework in all district central
cooperative banks, regional rural banks and state cooperative
banks.
“We will have offsite
surveillance systems and are also looking at training our own
officials as well officials of cooperative banks,” says Nabard
chairman Y Nanda. “Along with better supervision, Nabard will
focus at maintaining a better quality of staff.”
Nabard managing director
M V S Chalapathi Rao says the bank is also planning surprise
inspections instead of the current practice of  inspections
after informing the officials. “A ‘flying squad approach’
will also be formulated wherein Nabard will constitute a
two-to-three-member team to carry out immediate investigation.”
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