Depositors demand full money not only Rs 5 lac
A group of people claiming to represent the interests of account holders and depositors of Rupee Cooperative Bank has opposed ...
Tag: DICGC
DICGC: Payment process on; depositors of ailing UCBs to benefit
In a press release DICGC has invited applications in a prescribed format from the depositors of several ailing urban cooperative ...
RBI cancels license of Panvel based Karnala Nagari Sah Bank
Reserve Bank of India has cancelled the licence of Karnala Nagari Sahakari Bank Ltd., Panvel (District - Raigad), Maharashtra. Consequently, ...
Roadblocks removed; Lok Sabha passes DICGC Bill on Monday
The Deposit Insurance and Credit Guarantee Corporation (Amendment) Bill, 2021 was passed by a voice vote amid opposition uproar in ...
Sah Bharati lobbies hard for inclusion of UCBs in DICGC amendment
A lack of clarity on the inclusion of UCBs in the proposed amendment in the DICGC Act, has led Sahakar ...
DICGC Act: Depositors to get money in 90 days; Marathe hails the decision
In a major move the govt has decided to tweak the DICGC Act, introduced in the last budget so that ...
Shivajirao Bhosale Sah Bank: Licence cancelled; 98% to get full refund
Reserve Bank of India has, through and order dated May 28, 2021 cancelled the licence of Shivajirao Bhosale Sahakari Bank ...
Deposit insurance limit for institutional investors must be raised: Marathe
Considering the news that the amendment to the Deposit Insurance and Credit Guarantee Corporation (DICGC) Act, 1961 will be tabled ...
Amendment in DICGC Act on cards: Media Report
Live mint reports the government may bring in an amendment to the DICGC Act with a view to affording account ...
UCB fraternity welcomes RBI’s move on amalgamation
The RBI guidelines for the amalgamation of urban cooperative banks have mostly been welcomed by the urban cooperative banking fraternity. ...
Deccan Urban Co-op Bank put under restrictions
RBI has issued certain Directions to Vijayapur based Deccan Urban Co-operative Bank, Karnataka. The UCB has been restrained from carrying ...
Nashik based Independence Co-op Bank in trouble
RBI has issued certain Directions to Independence Co-operative Bank Limited, Nashik, whereby, as from the close of business on February ...
Nafcub President hails the Budget
Welcoming the Union Budget 2021 presented by Union Finance Minister Nirmala Sitharaman, Nafcub President Jyotindrabhai Mehta has particularly hailed the ...
CKP liquidator ready to help small depositors
Money Control reports the liquidator of Maharashtra’s now defunct CKP Co-operative Bank says depositors having less than Rs 5 lakh ...
Beating Covid: NAFCUB Prez asks UCBs to conserve Capital
Sahakar Bharati organized a Facebook live on "Relevance of UCB & Recent Developments" last week where its Patron and Nafcub ...
