Supervisory Interventions and other initiatives

  • Training for submission and processing of Revised Off-Site Surveillance System Returns conducted;
  • Workshops for Statutory Auditors were conducted at the State Level to improve the quality and effectiveness of the statutory audit in Cooperative Banks;
  • Regional Offices of NABARD & Training Establishments conduct sensitisation workshops on KYC (Know Your Customer) /AML (Anti-Money Laundering), Credit Monitoring Arrangement (CMA), Frauds, Investments, Internal Checks & Controls, Corporate Governance, Investment Management, Asset Liability Management (ALM) etc. for supervised entities;
  • NABARD HO in association with the Financial Intelligence Unit-India (FIU-IND), Government of India had also conducted two workshops-cum-review meets of supervised banks to review and sensitise the Principal Officers regarding implementation of KYC/AML