RBI penalizes three co-op banks; Bhind DCCB in list
The Reserve Bank of India imposed monetary penalties on three cooperative banks for breaching various norms and regulations. These banks ...
Tag: Banking Regulation Act
Govt introduces Banking Laws (Amendment) Bill; allows 10yrs tenure
The government has introduced the Banking Laws (Amendment) Bill, 2024, addressing several long-standing issues within the Urban Cooperative Banks (UCB) ...
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 ...
RBI fines Thoothukudi District Central Co-op Bank
The Reserve Bank of India imposed a monetary penalty of Rs 50,000 on Thoothukudi District Central Co-operative Bank Ltd., Thoothukudi, ...
Vamnicom to train women co-operators at Kevadia, Gujarat
The prestigious cooperative institution-Vamnicom is organizing a three day (19th to 21th June, 2024) training program on Banking & Cyber ...
RBI imposes penalty on Omkar Nagariya Sahakari Bank
The Reserve Bank of India imposed a monetary penalty on Omkar Nagariya Sahakari Bank and extended the period of directions ...
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 ...
RBI issues Guidelines for closure & shifting of DCCB’s branches
RBI has issued Clarification regarding Shifting of Branches, Offices, Extension Counters within the same city, town or village by District ...
Hesitation in contributing to UO means, one is not a co-operator: Shah
In an event held to give thanks to Union Cooperation Minister Amit Shah for resolution of the issues of the ...
One more wicket down! Lucknow Urban Co-op Bank loses license
The Reserve Bank of India has cancelled the license of Lucknow Urban Cooperative Bank on Friday. As per the data ...
RBI penalizes four UCBs for norm violations; fines Rs 12.5 lakhs
The Reserve Bank of India imposed a penalty on four urban cooperative banks on Monday. These banks are National Co-operative ...
Sabarkantha DCCB: Hansaben elected Chairman unopposed
The change of the guard at Gujarat based Sabarkantha District Cooperative Bank has meant Ms. Hansaben Patel is elected unopposed ...
Big relief: SC rules “co-op credit societies exempted from Income Tax”
In a major relief to cooperative credit societies of the country, the Honorable Supreme Court ruled that Cooperative Credit Societies, under Section ...
Vaidyanath Urban Co-op Bank, Beed penalized
The Reserve Bank of India has imposed a monetary penalty of Rs 1.50 lakh on The Vaidyanath Urban Co-operative Bank ...
Banking Reg (Amend) 2020 not helping: Maratha Sahakari Bank depositors
Mumbai based Maratha Sahakari Bank Depositors’ Association has charged that the Banking Amendments Act 2020 is not getting implemented and ...
