The National Bank for Agriculture and Rural Development (NABARD) on June 18, 2024, notified regarding the Differentiated approach for the selection of banks under the Enhanced CAMELSC (E-CAMELSC) based supervisory approach.
The following has been stated:
• It has been decided to revisit the differentiated approach for the selection of non-scheduled StCBs and DCCBs under E-CAMELSC to ensure effective implementation of the revised supervisory approach.
• The differentiated approach for statutory inspection under the E-CAMELSC-based supervisory approach will be as under:
o All Scheduled State Co-operative Banks (Sch. StCBs)
o Non-scheduled State Co-operative Banks (Non-Sch. StCBs) and District Central Co-operative Banks (DCCBs) in a phased manner based on their ‘business size’.
• The Adoption of an E-CAMELSC-based supervisory approach to Non-Sch. StCBs and DCCBs will be as specified in the Table.
Kindly find the Table provided with this document attached to the document.
[Notification No 118/DoS - 08/2024]
