Hope revives for Amanath Co-op Bank
The beleaguered Amanath Cooperative Bank is likely to be taken over by Canara Bank. The latter has asked a chartered accountancy firm to collect details about the former's assets and liabilities. ...
Protests against Nabard circular continue
Nabard’s circular on PACS has begun meeting with a growing chorus of disapproval from cooperative banks and other cooperative organisations. ...
Sarvodaya Sahakari Bank and Kokan Prant Sahakari Bank in dock
Last week the Reserve Bank of India imposed penalties on two urban cooperative banks namely Sarvodaya Sahakari Bank based in...
Accused does U-turn, exonerates Raman Singh
Umesh Sinha an accused in the multicrore Indira Priyadarshini Mahila Nagrik Sahkari Bank scam has suddenly and completely changed his...
Gandhidham Mercantile Co-op Bank penalized
A statement issued by the Reserve Bank of India informs that Gandhidham Mercantile Cooperative Bank in Kutch in Gujarat has to pay a fine of Rs. 5 lakh for violating various guidelines. The release blames the co-op bank of faulting on disclosure of monetary penalty in public domain, money laundering and intra-day overdrawals. Besides, the GMCB has been found guilty of violation of norms on giving money for buying real estate...
NABARD climbs down on PACS
Overwhelmed by the criticism on the issue of PACS, NABARD backtracked somewhat on Monday and issued a clarification of its...
Consumerfed to set up co-op sales outlets
Consumerfed would put up more than a thousand cooperative sales outlets across Kerala to sell essential items for the public...
Panel suggests multiple changes in co-op bill
Maharashtra has yet to bring its cooperative societies act in line with the 97th amendment of the constitution. In a...
Court orders reinstatement of co-op secretary
Madras High Court has found the head of the Govt telecommunication employees’ cooperative society in contempt of court for not...
Mushroom farmers unite cooperatively
In a bid to overcome their various problems the small mushroom farmers in Thrissur district in Kerala have formed their...
Chennai: Victory of a CHS after 25yrs
Desikanandanpuram Adi Draidar Cooperatie House Site Society in Chennai has won against the authorities. Madras High Court has ruled that...
Sops for CHS in Maharashtra
By I C Naik There is a good news for Maharashtra Cooperative housing in the shape of further easing of...
Co-op elections: Cong trounces BJP in Himachal
Congress has come up trumps in the election held recently for Himachal Pradesh state cooperative milk producers’ federation. A congressman...
Co-op bank looted in Odisha
Criminals made away with nearly two million rupees from a van of central cooperative bank in Sambalpur in Orissa. The...
How to start a co-op credit society?
Sailesh Nikam I’m planning for My Wife to start Bachat Gat in Navi Mumbai. We are from Middle class family, and...
