Odisha Sun Times Bureau
Bhubaneswar, Oct 8:
Keeping in view the recent amendment to the National Banking (Regulation) Act, 1949, which makes it mandatory for all cooperative banks to share a stipulated amount from its total deposits as Statutory Liquidity Ratio (SLR) investment, the State Trading Center of India (STCI) organized a training camp for bank officials in Odisha’s capital city, Bhubaneswar recently.
STCI, the recognized Primary Dealer (PD) of Reserve Bank of India, having expertise in Treasury and Bond business sectors organized the training camp at the conference hall of the Odisha State Cooperative Bank (OSCB) here.
While STCI vice-president Siddharth Shah spoke on the usability of the new law in profit making for the banks, two assistant vice-presidents Satish Sharma and Anshul Arora imparted detailed information on the new law to the participants in the camp.
The training camp, chaired by OSCB managing director Tusharkanti Panda, was attended by 35 senior officials from all the 17 central cooperative banks in the state.
The STCI is organizing such training camps in every state following RBI’s directive.