RBI cracks down on nine UCBs, a total fine of Rs 25 lakhs imposed
Thursday proved to be unfavourable for urban cooperative banks as the Reserve Bank of India (RBI) imposed a monetary penalty ...
Tag: COOPERATIVE BANKS
Parliament passes Banking Bill; Directors’ tenure now 10 years
Parliament on Wednesday passed the Banking Laws (Amendment) Bill, 2024, with the Rajya Sabha approving it by voice vote. The ...
RBI revises PSL Guidelines to drive Economic Growth & Sustainability
The Reserve Bank of India (RBI) has issued revised guidelines on Priority Sector Lending (PSL) after conducting a comprehensive review ...
NCDC provided Rs 6,098cr to co-op banks in 24-25
In a written reply in the Rajya Sabha, Union Home and Cooperation Minister Amit Shah highlighted the financial assistance provided ...
Co-op Banks: RBI retains Food Credit allocation after Ministry’s intervention
In a significant development, after extensive deliberations, the Reserve Bank of India (RBI) has decided to maintain the food credit ...
Grant from Co-op Education Fund to maintain Database
Union Home and Cooperation Minister Amit Shah informed the Lok Sabha that provisions of approximately Rs 8 crore have been ...
IYC 2025: Maharashtra forms High-Level Panel, CM to lead
In alignment with the United Nations' declaration of 2025 as the International Year of Cooperatives, the Maharashtra government has formed ...
Sarang reviews co-op development with stakeholders at DM office
The cooperative sector will play a crucial role in achieving the vision of a developed India, stated Madhya Pradesh’s Minister ...
Don’t Paint all UCBs with the same brush; media learns the hard way
The fact that the mainstream media is unaware of the workings of the cooperative sector is well known. However, attempts ...
Besides New India Co-op Bank, RBI fines five more UCBs
Besides placing restrictions on New India Co-op Bank, the Reserve Bank of India (RBI) has imposed monetary penalties on five ...
DICGC protects 97.8% of deposit accounts: Dy Guv
As on March 31, 2024 interim payments were made to 376,661 depositors amounting to Rs 5359 Crores. The DICGC’s coverage ...
TN: Co-op Banks to offer Edu loan up to Rs 5 lac
Tamil Nadu Cooperation Minister K. R. Periyakaruppan said that the cooperative banks of the state would provide education loans upto ...
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 ...
Shah to launch historic NUCFDC on March 2; RBI Guv to grace
In a landmark development for the urban cooperative banking sector, the National Urban Cooperative Finance and Development Corporation (NUCFDC) is ...
RBI extends period of directions on five co-op banks
Reserve Bank of India extended the period of directions on five cooperative banks on Friday for a further period of ...
