Banks
RBI fines five UCBs-three from Gujarat, for Regulatory Violations
The Reserve Bank of India has issued penalties to five co-operative banks for non-compliance with various regulatory directives, following inspections...
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RBI fines five co-op banks; extends Directives on two
The Reserve Bank of India imposed monetary penalties on five cooperative banks worth Rs 14.10 lakh and extended the period...
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Impressive turnaround: Nagaland StCb declares dividend after 26 years
Registering an impressive growth Nagaland State Cooperative Bank organized its 55th annual general meeting in a joyous atmosphere at the...
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NAMCO Bank performs well; aims achieving target of Rs 5,000cr
Nashik Merchants Cooperative Bank, popularly known as Namco Bank, performed comparatively well in the 2023-24 financial year compared to the...
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Raigad District Central Co-op Bank completes PACS computerization
The Raigad District Central Cooperative Bank (RDCCB) in Maharashtra has successfully completed the computerization of its affiliated Primary Agricultural Credit...
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AP’s Gandhi Co-op Town Bank eager to convert into SFB: Chairman
Gandhi Cooperative Town Bank in Andhra Pradesh is yet another UCB, which is planning to convert itself into a small...
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UCBs need more operational freedom to thrive: Jampeta CUB Chairman
Andhra Pradesh based Jampeta Cooperative Urban Bank is aiming to achieve a business mix exceeding Rs 1,000 crore by 2026,...
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Andhra’s Maharaja Co-op Urban Bank seeks merger to become SFB
The Andhra Pradesh based Maharaja Cooperative Urban Bank, with a business mix of approximately Rs 450 crore, is in the...
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New India Co-op Bank cuts losses; hopeful of turnaround
Mumbai based New India Cooperative Bank is able to reduce the accumulated losses in the 2023-24 FY. It has been...
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DICGC settles Rs 1,436.92 cr in Claims for Co-op Banks in FY 2023-24
The Deposit Insurance and Credit Guarantee Corporation (DICGC) released its 62nd Annual Report on Wednesday, highlighting that it settled claims...
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Gujarat’s UCBs lead in reining NPAs; CM applauds critical co-ops’ role
Gujarat's Urban Co-operative Banks (UCBs) have shown remarkable performance, achieving a Gross Non-Performing Asset (GNPA) ratio of just 0.5%. This...
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NUCFDC & GUCBF hold Sahakar Setu today; CM Chief Guest
The highly anticipated Sahakar Setu 2024, the West India Urban Co-operative Banking Summit, is taking place today on September 26...
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NAFCUB: Patil asks UCBs to shed Conservatism; focus on MSMEs
Speaking at the 48th AGM of NAFCUB, the apex body of urban cooperative banks, held at NCUI headquarters in Delhi...
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Kurmanchal Nagar Sah Bank breaks past records; earns handsomely
Uttarakhand’s leading cooperative bank- Kurmanchal Nagar Sahkari Bank's business crossed more than Rs 3800 crore and earned a handsome profit...
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Pune’s People Co-op Bank performs well; offers 12.5% Dividend
Pune People's Cooperative Bank held its 73rd Annual General Meeting (AGM) last week, where it announced a 12.50% dividend payout...
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