This MOU stipulates the broad measures to be taken by the signatories for implementing the recommendations of the TAFCUB for each of the potentially viable/non-viable UCBs that are placed for consideration of TAFCUB. In the last one-year five TAFCUBs (other TAFCUBs constituted very recently) have deliberated upon and made recommendations on the financial position of about 250 weak UCBs.
Turning to the monetary analysis, broad money (M3) growth rose to 10.4 percent in September 2020, from 9.5 percent in August, thus remaining well above the levels recorded before the COVID-19 pandemic.