The National Bank for Agriculture and Rural Development (NABARD) has raised Kerala State Cooperative Bank’s (Kerala Bank) rating from ‘C’ to ‘B,’ Minister for Cooperation V.N. Vasavan announced on Thursday, quote media reports.
The upgrade follows NABARD’s inspections for 2023-24. Kerala Bank aims to reduce its non-performing assets (NPA) to below 7% by the fiscal year’s end, complying with Reserve Bank of India (RBI) guidelines.
Currently, its NPA stands at 11.45%. The bank is focused on strengthening financial health and improving overall performance.
Good.But bank doesn’t release any arrears of payslip components of employees.
They can’t get any DA HIKE FOR THE LAST THREE YEARS