"RBI on 1st July, 2015 had liberalized and rationalized for Financially Sound and Well Managed (FSWM) Urban Co-operative Banks to open their Branches in different States where such Co-operative Bank is registered under M

The Financially Sound and Well Managed (FSWM) Urban Co-operative Bank as per the guidelines of RBI is that such bank which satisfied or fulfilled the following criteria:- Capital to Risk Assets Ratio (CRAR) is not less than 10 per cent. Gross NPAs of less than 7% and Net NPAs of not more than 3%. Net profit for at least three out of the preceding four year subject to it not having incurred a net loss in the immediately preceding financial year. No default in the maintenance of CRR/ SLR during the preceding financial year. Sound internal control system with at least two professional directors on the Board. Core Banking Solution (CBS) fully implemented. Regulatory Comfort.