Following are the indicative list of activities/areas where MDs/CEOs of UCBs can focus their attention and prioritise the work
1.Critical review and detailed analysis of the latest balance sheet and profit and loss account. Plan of action for optimisation of income in investment management and recovery of interest on loans and advances. Curtailment of avoidable expenditure.
2.Corrective action in respect of defects/violations pointed out in the RBI inspection report if any.
3.Corrective action in respect of defects/violations pointed out in the statutory audit report if any.
4.Action plan for recovery of NPA loans and initiating rigorous action throughout the year if the NPA level is more than threshold limit.
5.Review the policies of the bank and update the same where ever necessary with the concurrence of board
6.Review the master circulars of RBI and comply with the instructions if not done.
7.Review of existing systems and procedures/best practices and action plan for improvisation where ever necessary.
8.Review of branch administration and control and action plan for strengthening the same.
9.Creating awareness among senior officers about the changes taking place in the UCB sector.
10.Review of latest ALM reports and mismatch beyond threshold limit is observed corrective action.
11.Review of the RBI circular on cyber security frame work and implementation of the instructions where ever necessary.
12.Addressing core banking solution issues (CBS) if found necessary
The prioritisation of activities depends on environment of the individual UCB as also size of the banks. The bigger the banks more structured approach is necessary. There is no standard rules as to how to go about. The above is only an indicative list