Financial Daily from THE HINDU group of publications
Thursday, Mar 27, 2003
Financial Daily from THE HINDU group of publications Thursday, Mar 27, 2003 |
|
|
|
|
|
Money & Banking
-
Co-operatives Mahesh Bank claims `safe' liquidity ratio Our Bureau
HYDERABAD, March 26 IN a bid to address the problem of panic withdrawals amidst problems being faced by the State-based urban cooperative banks (UCBs) in the recent past, Mahesh Bank, the city-based UCB with scheduled status, announced that the bank was enjoying comfortable liquidity ratios. In a press release here, the bank said as against the requirement of maintaining a statutory liquidity ratio (SLR) Rs 116 crore, it currently had investments in the approved securities amounting to Rs 208 crore. Similarly, the bank was maintaining a cash reserve ratio (CRR) of over Rs 27 crore as against the stipulated limit of Rs 21.75 crore by the Reserve Bank of India. Apart from this, Mahesh Bank said it was also having investments in pubic sector bonds amounting to Rs 29 crore and deposits of Rs 33 crore placed with other banks. As on March 24, the bank's deposits stood at Rs 423 crore and advances at Rs 218 crore. ``The bank has never defaulted in maintenance of SLR or CRR with RBI since its inception,'' the release said. On the non-performing assets (NPAs), the bank said it expects them to be brought down to around six per cent before the fiscal-end.
Article E-Mail :: Comment :: Syndication
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home |
Copyright © 2003, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|