DICGC settles claims worth Rs 3,457.4 crore
Indian Express quotes RBI saying cooperative banks contributed just shy of a 7 percent during the fiscal FY 22 to ...
Tag: DICGC
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., ...
Millath Co-op Bank asked to fold up; Depositors to get their money
The Reserve Bank of India has cancelled the license of “Millath Co-operative Bank Ltd., Davangere, Karnataka”. Consequently, the bank ceases ...
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 ...
Delay in DICGC settlement: Peeved PMC depositors write to RBI
The PMC Bank Account Holders Forum has written a letter to the Reserve Bank of India (RBI), Governor Shaktikanta Das, ...
RBI cancels license of Kanpur based People’s Co-op Bank
The Reserve Bank of India has cancelled the license of People’s Co-operative Bank Limited, Kanpur, Uttar Pradesh. Consequently, the bank ...
Co-op Commissioner visits Kamal Nagarik Sah Patsanstha
During his tour to Raigad district of Maharashtra Cooperative Commissioner Anil Kawade (IAS) visited the headquarters of Kamal Nagarik Sahakari ...
AP State Co-op Bank lauds budgetary support to co-ops
The reactions on the Union Budget keep pouring in at the desk of Indian Cooperative. Welcoming the Union Budget presented ...
49.1% of total deposit with banks not insured: Eco Survey
According to the latest Economic Survey 49.1 percent of the total amount held as a deposit with Indian banks is ...
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 ...
Depositors poohpooh Unity SFB offer; ask where is PMC’s liquid?
Pooh Poohing the Unity Small Finance Bank's assurance that 96% of the PMC Bank depositors would be given their money, ...
Why amend Act if PMC depositors are not to be helped: Nafcub Prez
Aghast at the RBI’s move to go ahead with the PMC merger, the President of the apex body of Urban ...
DICGC: Depositors of stressed co-op banks to get money
A news outlet reports account holders of several stressed cooperative banks will be given Rs 5 lakh deposit insurance cover ...
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 ...
Rupee Bank notifies refund thru’ DICGC Scheme
The Rupee Cooperative Bank has notified the scheme of the DICGC to refund account holders up to Rs 5 lakh. ...
