The Reserve Bank of India (RBI) has asked the state and district central cooperative banks (SCBs and DSCBs) to disclose information about advances to directors, relatives and firms in which directors hold interest as well as non-performing assets (NPAs) from the current fiscal year to ensure transparency. | |
| Co-operative banks should disclose the information about book and market value of their investments in securities made for complying with statutory liquidity ratio (SLR) norms, RBI said in a notification. |
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| These disclosures should include funds and non-fund based disclosures. Banks should also provide information on the NPAs "� both gross and net "� in the notes to the accounts. |
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| Provisions for NPAs, overdue interest and depreciation in investment should be disclosed in the annual financial statement. The information on interest and non-interest income, operating profits as a percentage of working funds and average cost of deposits should also be disclosed in the balance sheet. |
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| RBI has also stipulated SCBs and DSCBs to provide details about payment of insurance premium to the Deposit Insurance and Credit Guarantee Corporation and penalty imposed on them for any violation. |
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