Question
The Assets Liabilities committee (ALCO) in a bank is
primarily responsible for managing-Solution
To assist and supervise the ALM (Asset Liability Management) unit an Asset Liability Committee (ALCO) is established. It has the central purpose of attaining goals defined by the short- and long-term strategic plans- ·        To ensure adequate liquidity while managing the bank's spread between the interest income and interest expense ·        To approve a contingency plan To review and approve the liquidity and funds management policy at least annually
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Chief Judicial Magistrate may pass a
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