RBI cancels license of Laxmi Co-op Bank; 99% depositors safe
On Thursday the Reserve Bank of India (RBI), vide order dated September 14, 2022, has cancelled the licence of “The ...
Tag: depositors
Maratha Sahakari Bank’s depositors demand merger with Cosmos Bank
Aggrieved depositors of Mumbai based Maratha Sahakari Bank have written to Indian Cooperative seeking support for the beleaguered UCB. We ...
Shri Anand Co-op Bank: RBI orders closure; 99% depositors to get money
Dated 1st of July, 2022 the Reserve Bank of India has cancelled the license of “Shri Anand Co-operative Bank Ltd., ...
Bagalkot’s Mudhol Co-op Bank loses its license
The Reserve Bank of India has cancelled the license of “The Mudhol Co-operative Bank Limited, Dist.- Bagalkot, Karnataka” by an ...
DICGC doles out Rs 3.5K crore to 22 UCBS
As per the RBI Annual Report 21-22, settlement of claims of liquidated urban co-operative banks totaling Rs 1,225 crore and ...
Shah confirms MSCS Act amendment; leaders seek democratic control
In a written reply in Lok Sabha, Minister of Cooperation, Amit Shah said it is proposed to amend the Act ...
RBI cancels licence of Independence Co-op Bank; 96% to get their money
The Reserve Bank of India has cancelled the licence of Independence Co-operative Bank Ltd., Nashik, Maharashtra. Consequently, the bank ceases ...
RBI gives PMC assets to Unity SFB in charity: Aggrieved Depositors
The investors and depositors associated with the scam-ridden Punjab and Maharashtra Cooperative Bank have reacted with shock and pain at ...
Sah Bharati exhorts FM to amend draft-amalgamation in Depositors’ favour
The Sahakar Bharati team led by Satish Marathe has petitioned Mrs Nirmala Sitharaman, Union Finance Minister to intervene in the matter ...
PMC Depositors reject RBI’s draft amalgamation; seek participation
In a hard-hitting letter, the body known as PMCB Shareholders and Account holders Forum has rejected the draft scheme for ...
Huge Relief: Saraswat Bank proposes to takeover Rupee Bank
In a major relief to the depositors of Pune headquartered Rupee Cooperative Bank, the leader of UCBs in the country- ...
UCBs’ clientele being taken away by SCBs: RBI Report
In a Report on Trend and Progress of Banking in India 2020-21, which presents the performance of the banking sector, ...
RBI’s monitoring of co-op banks has increased depositors’ confidence: PM
Prime Minister Shri Narendra Modi addressed a function on “Depositors First: Guaranteed Time-bound Deposit Insurance Payment up to Rs. 5 ...
PMC: Sah Bharat questions RBI’s draft amalgamation; suggests way out
Finding faults with several provisions of the Draft Scheme of Amalgamation for the PMC Bank, as put forward by the ...
Pune based Seva Vikas Co-op Bank goes under Direction
The Reserve Bank of India has put Pune based Seva Vikas Co-op Bank goes under Direction from the close of ...
