What is the minimum capital requirement and membership required for co-operative banks ?
Urban co-operative banks should have a minimum capital of Rs 4 crore and a membership of at least 3,000 in a population of more than Rs 10 lakh. The figure of minimum membership keeps decreasing with a decrease in population. What is the minimum Statuatory Liquidity Ratio (SLR) for co-operative banks? Urban co-operative banks are required to maintain a SLR equivalent to 25% of net demand and bank liabilities. What are weak urban co-operative banks? Urban co-operative banks are divided into weak and urban banks, based on certain parameters of their performance. India has a total of 261 weak banks at the end of June 2001. When is a co-operative bank classified as a weak one? A co-operative bank is classifed as a weak bank if its own funds get eroded to the extent of 25% or more by doubtful debts or if its overdues exceed 50% of outstanding loans and advances. Or else, if the bank fails to comply with minimum share capital norms. How many cases of fraud by co-operative banks were register
