Banks
Visakhapatnam Co-op Bank achieves a business mix of Rs 6000 cr
The Visakhapatnam Cooperative Bank, the biggest cooperative bank in the entire South India has achieved a milestone by crossing the...
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Divided House: NAFCUB fails to have consensus on amendment in BR Act
Soon after the Pune based UCBs opposed the Banking Regulation (Amendment) Ordinance of 2020, two urban cooperative banks of Tamil...
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Visakhapatnam Co-op Bank gets Central Registrar’s nod for election
While still a few of multi state cooperative societies across India are waiting for the response from the Central Registrar...
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Funding Future: SUCO Bank encourages students to buy laptop
SUCO Bank’s new loan product aims at providing 100 percent financial assistance to students to buy laptops at an interest...
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Mehsana Urban Co-op Bank crosses business mix of Rs 9500 crore
Gujarat based Multi-state scheduled bank- Mehsana Urban Cooperative Bank has been able to cross the business mix of Rs 9500...
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Pune’s UCBs hold meeting opposing provisions of amended BR Act
The Urban Cooperative Banking sector seems headed for a division of opinion on the issue of RBI’s total control of...
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Bihar State Co-op Bank: Decline in deposits, rise in Profit
The apex bank-Bihar State Cooperative Bank which is led by Ramesh Chandra Chaubey has released its balance sheet recently, where...
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PMC Bank: Yes Bank success inspires RBI Guv of an early resolution
Buoyed up with the success of the reconstruction scheme for The Yes Bank , RBI governor Shaktikanta Das hoped that...
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Moorthy asks RBI to reconsider cap on dividend payment
G. Rama Moorthy Chairman of TESCUBFED and NAFCUB Director has written to the RBI governor requesting him to reconsider the...
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RBI control over UCBs: Majority lauds the move, some disagree
The leaders of Urban Cooperative Banking sector have reacted to the news of RBI’s total control over UCBs. While some...
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Despite odds Rupee Bank posts a profit of Rs 19.55 cr
Beating all odds Pune-based Rupee Co-operative Bank has earned an operating profit of Rs 19.55 crore in FY20, the bank...
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Historic move: Cabinet okays Ordinance bringing UCBs under RBI
When the February Cabinet decision to amend the Banking Regulation Act to bring UCBs under RBI could not be passed...
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MSC Bank registers 0 percent NPA, earns 325 crore net profit
When other cooperative banks are grappling with the aftershocks of Covid-19, Maharashtra state cooperative (MSC) bank succeeded in achieving the...
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Nabard Control: Reactions pour in rejecting Anaskar proposition
Several co-operators have reacted to Vidyadhar Anaskar's proposition of allowing NABARD to control UCBs rather than the RBI. While Sahakar...
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Bombay Mercantile Co-op Bank in legal tangle; Hearing on June 26
Maharashtra based Bombay Mercantile Cooperative Bank got embroiled in a legal fight when one of its shareholders Adv. Bahar U...
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