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The Reserve Bank of India (RBI) has proposed setting up of Board of Management (BoM) in all Urban Co-operative Banks (UCBs) having deposits of over Rs 100 crore within one year to strengthen governance and promote professional management in these banks.
BoM will be in addition to the Board of Directors (BoD). The BoD will continue to be apex policy setting body and constitute various committees of board including BoM to assist it to carry out its functions.
Functions: BoM will look after all administrative functions of UCBs as spelt out in respective Co-operatives Act. It will be responsible for credit, risk and liquidity management of UCBs. It will consider loan proposals, recommend action for recovery of bad loans, implement sound internal controls and oversee compliances, among others.
Composition: BoM will be constituted by BoD. BoM will have minimum of 3 members in UCBs having deposit size up to Rs 100 crore and 5 members in UCBs having deposit size above Rs 100 crore. The maximum number of members in BoM will not exceed 12. Not more than 50% of BoM members should be from BoD. Under all circumstances, BoM should have atleast two members outside from BoD.
Criteria: 50% of the members of BoM will consists of persons having special knowledge or practical experience in respect of one or more of the following matters such as accountancy, agriculture and rural economy, banking, co-operation, economics, finance, law, small scale industry, information technology and other matter the special knowledge useful to UCB.
Implementation: Existing UCBs having deposit size exceeding Rs 100 crore will set up BoM within period of 1 year and banks less than it may constitute BoM within 2 years.
The expert committee on licensing new urban co-operative banks (2010) constitued under chairmanship of YH Malegam had recommended that BoM should be constituted in every UCB, in addition to BoDs. This was reiterated by high powered committee on UCBs headed by R. Gandhi constituted in January 2015 by RBI. Under the present legal framework, BoD of UCB performs both executive and supervisory roles and has responsibility to oversee functioning of UCB as cooperative society and as a bank.
The Union Ministry of Home Affairs launched digital police portal under Crime and Criminal Tracking Network and Systems Project (CCTNS).
The portal is a smart policing initiative of the Government to provide services to citizens and aid efficient police investigation. It will help in realising Government’s dream of ‘Minimum Government Maximum Governance’.
Digital police portal
The police portal is a platform for citizens to file online crime related complaints and also request for antecedent verification. It will also provide 11 searches and 46 reports from the national database for state police and central investigation agencies. Central investigating and research agencies also have been provided logins to the portal to access crime statistics.
About Crime and Criminal Tracking Network and Systems Project (CCTNS)
The CCTNS project was initiated in 2009 as part of police modernisation programme under the national e-governance project. It was conceived to bring all 16,000 police stations in India under a single network to counter terror challenges.
The core objective of CCTNS is to connect all the police stations so that any of the police stations can contact any other police station; thereby facilitate collection, storage, retrieval, analysis and transfer the information among police stations, state headquarters and central police organizations.