Banks
RBI cancels license of City Co-op Bank; ignores merger bid by Cosmos
The Reserve Bank of India cancelled the license of Mumbai based City Cooperative Bank on Wednesday, dashing the hopes of...
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Four UCBs penalized for various acts of omission & commission
The Reserve Bank of India has levied fines totalling Rs 4.25 lakh on four cooperative banks due to their failure...
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Saraswat Bank earns historic profits; Launches floating provision of Rs 125cr
Reaffirming its numero uno position and breaking all its past records, the largest urban cooperative bank of India—Saraswat Cooperative Bank—crossed...
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RBI imposed 281 penalties aggregating Rs 86.1cr in FY 23-24: Report
During the 2023-24 financial year, the Reserve Bank of India imposed 215 penalties totaling Rs 12.07 crore on cooperative banks...
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Not interested in becoming SFB: Cosmos Bank Chairman Kale
Now pausing on further acquisitions and focusing on organic growth, the second largest UCB in India, Cosmis Co-op Bank has...
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NUCFDC aims to double UCBs’ business in next five years: Mehta
Soon after the Ministry of Cooperation tweeted about the meeting of Secretary Ashish Kumar Bhutani with the NUCFDC team, Jyotindra...
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RBI meets compliance heads of UCBs; briefs them on risk management
The Reserve Bank of India organized a conference in Mumbai at the Taj Mahal Palace Hotel for the heads of...
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SVC Bank performs spectacularly; achieves net profit of Rs 218cr
SVC Co-operative Bank has delivered an outstanding performance, achieving a net profit of Rs 218 crore. As of March 31,...
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Uttarakhand DCCBs do well this fiscal; earn gross profit of Rs 232.69cr
The district cooperative banks of Uttarakhand performed well in the 2023-24 FY and earned a gross and net profit of...
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Cosmos Bank performs spectacularly; earns gross profit of Rs 460.77cr
One of the largest urban cooperative banks of India- Cosmos Cooperative Bank, which had suffered a massive setback due to...
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RBI fines four co-op banks including Jogindra Central Co-op Bank
The Reserve Bank of India imposed monetary penalties on four cooperative banks including Jogindra Central Cooperative Bank, Solan, Fatehabad Central...
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Amul dubs Maneka’s allegation on Slaughter House “Fake News”
In response to Maneka Gandhi's allegation that Amul has opened a slaughter house in Goa, Amul has issued a statement...
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MSC Bank performs well in 2023-24FY; earns highest ever profit of Rs 615cr
Maharashtra State Cooperative (MSC) Bank achieved the highest total business mix of Rs 57,265 crore and earned a handsome net...
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Jalore Nagarik Sahakari Bank registers 20% growth in its business
Jalore Nagarik Sahakari Bank Ltd., the largest bank in western Rajasthan operating under the Rajasthan Cooperative Society Act, has reported...
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Monday Mayhem: RBI penalizes four UCBs; extends Directives on two
The Reserve Bank of India imposed monetary penalties on four cooperative banks worth Rs 16 lakh for breaching the RBI’s...
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