Speaking on the occasion of 64th AGM of NAFCUB, Shekhar Kibe, Director of Indore Paraspar Sahakari Bank said that the PMC bank institutional depositors has to provide 20% per year against their deposits, which is wrong because the scheme was drafted by RBI itself.
Kibe also demanded that the exposure of housing loans must be enhanced for Individual and group borrowers. Earlier it was against capital funds, now it is against tier 1 capital, he said.
Housing sector exposure limit has also to be enhanced from 15% to 25% of assets, felt Kibe.
Talking of restrictions in the different loan products, Kibe argued that how can UCBs achieve a growth of 25% in five years of Amrut Kaal if these restrictions continue to impede our operations.
