Banks
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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Two UCBs lose licenses, including Banaras Mercantile Co-op Bank
The Reserve Bank of India (RBI) has cancelled the licenses of two urban cooperative banks, "Banaras Merchantile Co-operative Bank Limited"...
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Kaijs Bank turnover crosses Rs 4200cr; Awade announces 10% dividends
Maharashtra based Kallappanna Awade Ichalkaranji Janata Sahakari Bank organized its 62nd Annual General Meeting last week and the meeting was...
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Sterling Performance: SVC Co-op Bank’s business exceeds Rs 35,000cr
One of the largest urban cooperative banks of India-SVC Cooperative Bank organized its 118th Annual General Meeting on Saturday at...
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Cosmos Bank conducts 118th AGM; Net profit rises spectacularly
The Cosmos Co-Operative Bank Ltd. has reported a net profit of Rs. 384 Crore for the Financial Year 2023-2024, announced...
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NKGSB business crosses Rs 13k crore; to shift to new corporate office
The leading urban cooperative bank of Maharashtra-NKGSB crossed the business mix of more than Rs 13,000 crore as on 31st...
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Atal Pension Yojana: Janata Sahakari Bank receives Award for Excellence
Janata Sahakari Bank, Pune, was recognized with the Award of Excellence Achiever in the Urban Cooperative Bank category for its...
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