RBI cancels License of 95 year old Durga Co-op Urban Bank
The Reserve Bank of India has cancelled the license of Andhra Pradesh-based Durga Cooperative Urban Bank, which has been operating ...
Tag: depositors
Pay-out from Sahara Co-ops gains momentum; Limit raised to Rs 50k
In an informal media interaction, officials from the Co-op Ministry revealed that the process of paying out to victims of ...
40 co-ops cheat Rs 87 bn from depositors in Nepal
The Nepal government has finalized a report confirming that 40 cooperatives embezzled Rs 87 billion from depositors. A parliamentary committee ...
Dnyanradha Multistate Co-op in news
The Pimpri Chinchwad police arrested a father-son duo, Yashwant Kulkarni (55) and Vaibhav Kulkarni (24), for their alleged involvement in ...
Nepalese government prioritises co-op fraud issue amid protests
Nepal’s home minister, Ramesh Lekhak, has said the country’s national government is prioritising action on the misappropriation of co-operative savings funds. ...
Nepal’s Laliguras Multi-Purpose Co-op in news
Four officials of Laliguras Multi-Purpose Cooperative, including Chairman Amar Das Shrestha, were arrested in Kathmandu for allegedly embezzling Rs 6.30 ...
Embezzlement crisis in Nepal’s co-ops sparks protests in streets
By Anca Voinea Members of Nepalese co-ops reached an agreement with the country’s government on 21 March, after weeks of ...
Sigh of relief: Maha govt to provide insurance on credit co-op deposits
In a major development, Maharashtra government led by Eknath Shinde has given its nod for providing insurance cover upto Rs ...
Sahara: RTI reveals only 0.3% of total claimed amount paid out so far
The response to a recent Right to Information (RTI) application is a startling revelation about the Sahara group's cooperative societies. ...
Sahara depositors can resubmit their claims
For the depositors, whose claims could not be processed due to deficiencies observed in their claims, “CRCS-Sahara Refund Portal (Resubmission)” https://mocresubmit.crcs.gov.in has ...
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 ...
Nashik Zilla Girna Sahakari Bank loses license
Banking license is precious, declared Nafcub President in the recently held AGM and yet co-op banks one after the other ...
Money stuck in Malkapur UCB; credit co-ops resort to hunger strike
The cooperative credit societies of Maharashtra under the banner of State Cooperative Credit Societies Federation will go on hunger strike ...
After Sahara, Ministry working for Adarsh victims as well: Shah
Union Home and Cooperation Minister Amit Shah said that the hard-earned money of gullible depositors stuck in beleaguered Adarsh Credit ...
Nafcub readies its Wishlist for 35th meet of Advisory Committee of RBI
Nafcub has prepared its version on several of the UCBs issues for submission during the 35th meeting of the Standing ...
