Co-op Ombudsman orders Wishvaas Co-op to refund Depositors in 15 Days
In a significant move to uphold depositor rights, the Cooperative Ombudsman has directed Mohali-based Wishvaas Credit Cooperative Society to refund ...
Tag: deposits
Kaka Koyte meets MoS Finance in Delhi, seeks tax relief for Credit Co-ops
A delegation led by Rajya Sabha MP Dhananjay Mahadik and Maharashtra State Cooperative Credit Union Federation President Omprakash Dadappa and ...
Sharad Sah Bank achieves turnover of Rs 3,124 crores
Pune-based Sharad Sahakari Bank Ltd, Manchar, has demonstrated remarkable financial growth, achieving a total business turnover of Rs 3,124.28 crore ...
Mutual Funds & SIPs affecting UCBs’ deposit schemes: Paithankar
Pune’s Bhagini Nivedita Sahakari Bank Chairperson Rewati Paithankar raised several important concerns regarding the challenges faced particularly in the context ...
Credit Cooperatives eligible for 80P deductions: ITAT
In a landmark ruling, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) upheld that cooperative credit societies are ...
Koyate led Samata Nagari Sah Patsanstha achieves historic milestone
Maharashtra’s Kopargaon-based Samata Nagari Sahakari Patsanstha, led by renowned cooperator Omprakash Dadappa alias "Kaka" Koyate, has achieved a historic milestone ...
Struggling National Co-op Bank merges with resilient Cosmos Bank
The Reserve Bank of India (RBI) has approved the amalgamation of Karnataka’s National Co-operative Bank with Maharashtra’s Cosmos Co-operative Bank ...
Mamata orders probe into fake Co-op Bank accounts
West Bengal Chief Minister Mamata Banerjee, during an administrative review meeting on Thursday, directed officials to investigate fake accounts in ...
UCBs strides in governance & risk management commendable: Report
In its "Trend and Progress of Banking in India 2023-24" report, the Reserve Bank of India (RBI) presented a mixed ...
UCBs need more operational freedom to thrive: Jampeta CUB Chairman
Andhra Pradesh based Jampeta Cooperative Urban Bank is aiming to achieve a business mix exceeding Rs 1,000 crore by 2026, ...
New India Co-op Bank cuts losses; hopeful of turnaround
Mumbai based New India Cooperative Bank is able to reduce the accumulated losses in the 2023-24 FY. It has been ...
Despite drop in deposits, Kerala StCB profits surge tenfold
The Kerala State Cooperative Bank has showcased robust performance across various financial parameters for the fiscal year 2023-24, except in ...
Two UCBs lose licenses, including Banaras Mercantile Co-op Bank
The Reserve Bank of India (RBI) has cancelled the licenses of two urban cooperative banks, "Banaras Merchantile Co-operative Bank Limited" ...
Bharat Co-op Bank achieves business mix of Rs 18, 318cr
Mumbai’s leading bank- Bharat Cooperative Bank achieved a business mix of Rs 18,317.27 crore as on 31st March 2024. The ...
Cosmos Bank performs spectacularly; earns gross profit of Rs 460.77cr
One of the largest urban cooperative banks of India- Cosmos Cooperative Bank, which had suffered a massive setback due to ...
