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 ...
Tag: Banking Regulation Act
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 ...
RBI cancels license of Seva Vikas Co-op Bank; 99% depositors safe
Through a letter dated October 10, 2022 the Reserve Bank of India has cancelled the licence of “The Seva Vikas ...
RBI penalizes Noida Commercial Co-op Bank
The Reserve Bank of India has imposed, by an order dated May 04, 2022, a monetary penalty of Rs 1.00 ...
Amendment to protect public interest: RBI in SC
The apex court did not grant any immediate relief to RBI on Monday when it sought clubbing of cases challenging ...
Co-op societies can’t use bank in its name: RBI
Co-operative societies cannot use the words “bank", "banker" or "banking" as part of their names, except as permitted under the ...
Co-op banks across states penalized; Porbandar Co-op Bank being latest
Last week a considerable number of cooperative banks and urban co-operative banks were penalized by the Reserve Bank of India ...
RBI cancels licence of Goa based Madgaum Urban Co-op Bank
In an order dated July 27th, 2021 the Reserve Bank of India has cancelled the licence of The Madgaum Urban ...
Formation of Expert Committee need of the hour: Mehta
Reacting to his induction as a member in the expert committee on UCBs, as announced by RBI on Monday, Nafcub ...
Nafscob newly elected Chairman supports BR Amendment
NAFSCOB has supported the Banking Regulation (Amendment) Act which will be operational from the next financial year. The federation argues ...
Banking Regulation: Union seeks 3 weeks, Madras HC grants 2 weeks
The Union Govt sought further three weeks’ time from the Madras High Court to file a counter affidavit in the ...
Post Banking Regulations Act, there should be no discrimination: Krishna
D Krishna, a well-known name from the UCB sector has argued that since the Banking Regulations Act (Amendment) Bill 2019 ...
Govt to amend the Banking Regulation Act: FE
Financial express reports quoting officials in the wake of the PMC scam, the govt has decided to amend the Banking ...
Halol Mercantile Co-op Bank penalized
The Reserve Bank of India has imposed a monetary penalty of Rs five lakh on the the Halol Mercantile Co-operative ...
