Banks
Telangana UCB Fed organizes fruitful interaction with RBI official
An interaction program was held at the Telangana State Urban Cooperative Banks Federation on August 14, 2024, featuring Prabhuti Samal,...
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Das underscores strengthening capital position of UCBs post-pandemic
In a comprehensive address during the 50th Monetary Policy Committee (MPC) meeting, Reserve Bank of India (RBI) Governor Shaktikanta Das...
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NUCFDC has potential to improve UCB sector; Shah in Rajya Sabha
National Urban Co-operative Finance and Development Corporation (NUCFDC) has the potential to significantly improve the urban cooperative banking sector; its...
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Telangana’s Citizen Co-op Society aims to achieve business of Rs 5000crs
One of the leading credit cooperative societies from Telangana, which is headquartered in Hyderabad - Citizen Cooperative Society is eying...
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RBI penalizes five urban co-op banks; highest penalty on UCB, Mainpuri
The Reserve Bank of India has imposed monetary penalties on five cooperative banks, including Nagnath Urban Cooperative Bank, Urban Cooperative...
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Ransomware attack disrupts co-op banking; 200 banks affected
The National Payments Corporation of India (NPCI) reported on Wednesday that C-Edge Technologies Ltd, a technology service provider primarily serving...
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RBI disallows continuation of Dividend Equalisation Fund
The Reserve Bank of India has asked urban cooperative banks to transfer the balances in the Dividend Equalisation Fund (DEF)...
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One more wicket down! Mahabhairab Co-op Urban Bank loses license
One more wicket down! The days are not going well for the cooperative banking sector as the Reserve Bank of...
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Union Budget underscores PM’s commitment to co-op sector: Shah
Union Home Minister and Minister of Cooperation, Amit Shah, praised the Budget 2024-25, calling it pro-people and pro-development. Shah emphasized...
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RBI cancels licence of AP based Uravakonda Co-op Town Bank
The Reserve Bank of India RBI has cancelled the licence of Andhra Pradesh based Uravakonda Co-operative Town Bank. And, as...
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West Bengal StCb business crosses Rs 25,000cr; profit at all time high
West Bengal State Cooperative Bank achieved a business mix of around Rs 25,000 crore and earned a net profit of...
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RBI penalizes four co-op banks on Thursday for violation of its norms
The Reserve Bank of India imposed a monetary penalty on four cooperative banks on Thursday for non-compliance with RBI’s directions...
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Punjab StCB crosses Rs 10,000cr business; earns handsome profits
Punjab State Cooperative Bank has performed spectacularly on all the financial parameters in the 2023-24 FY and crossed the business...
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Hefty fine on Mehsana UCB for donations to trusts managed by Directors
The Reserve Bank of India has imposed a monetary fine on three cooperative banks on Friday, with a hefty fine...
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Deogiri Nagari Sah Bank performs well; awaits scheduled bank status
Aurangabad (Maharashtra) based Deogiri Nagari Sahakari Bank's Chairman Kishor Shitole says the bank is likely to receive scheduled bank status...
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