Banks
“20 years” struggle comes to fruition; Shah to inaugurate NUCFDC
After two decades of persistent effort, the long-awaited moment has finally arrived. Union Minister Amit Shah is poised to inaugurate...
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RBI revokes license of Sumerpur Mercantile UCB; 99% depositors safe
Reserve Bank of Indian cancelled the license of Rajasthan based Sumerpur Mercantile Urban Cooperative Bank and has asked the Rajasthan...
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RBI extends Directions on HCBL Co-op Bank & two more
The Reserve Bank of India has taken measures to extend the directives on three cooperative banks, a move aimed at...
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NAFCUB springs surprise; elects Laxmi Das as President
The apex body of UCBs-Nafcub's newly elected board directors sprang a surprise and announced Delhi’s Kangra Cooperative Bank Chairman Laxmi...
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RBI wields its Regulatory Authority again; penalizes four UCBs
The Reserve Bank of India wielded its regulatory authority, slapping monetary penalties on four cooperative banks totaling Rs 4.75 lakh,...
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NAFCUB vote, a mere formality as Mohite withdraws developing cold feet
Even before the vote could be cast, sensing his excruciating defeat, Pune corporator Subhash Mohite surrendered and announced his withdrawal....
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Four UCBs penalized; Fine of Rs 63 lac on Bombay Mercantile Co-op Bank
Reserve Bank of India imposed monetary penalties on four cooperative banks for breaching the RBI norms. These banks are Nakodar...
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RBI cancels license of Jai Prakash Narayan Nagari Sah Bank
The Reserve Bank of India has cancelled the license of one more urban cooperative bank- Jai Prakash Narayan Nagari Sahakari...
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Mehta-Patil secures partial success at consensus; Mohite & Mali rebel
The ultimate dream of the Mehta-Patil Panel to choose a NAFCUB Board without going in for voting, was dashed on...
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RBI fines four co-op banks including Janata Sah Bank, Amaravati
The Reserve Bank imposed monetary penalties on four cooperative banks for breaching the RBI rules and regulations on Thursday. The...
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Nashik conference kicks off amidst who’s who of cooperative sector
The Urban Cooperative Banks State Level Conference commenced in Nashik, Maharashtra, on a positive note, marked by the esteemed presence...
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Tenure Tension: Report underscores RBI-UCBs not on same page
In its annual report for the fiscal year 2022-23, the Reserve Bank of India (RBI) offered insights into the urban...
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RBI revokes licenses of two urban co-op banks on Friday
The Reserve Bank of India revoked the licenses of two cooperative banks, namely Hiriyur Urban Cooperative Bank and Shree Mahalaxmi...
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RBI fines 5 of Gujarat’s UCBs; highest fine on Shree Bharat Co-op Bank
On Thursday, the Reserve Bank of India imposed fines totalling Rs 13.50 lakh on five urban cooperative banks for violating...
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RBI revokes License of Adarsh Mahila Nagari Sahakari Bank, Aurangabad
The Reserve Bank of India (RBI) cancelled the license of Aurangabad-based Adarsh Mahila Nagrik Sahakari Bank on Friday. According to...
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