Co-ops cannot accept deposits from non-members: RBI
RBI says some Co-operative Societies including primary co-operative credit societies are accepting deposits from non-members, nominal members and associate members, ...
Tag: DICGC
Gujarat HC notice to RBI on raising DICGC limit
In a major development the Gujarat high court has issued a notice to the RBI in response to a PIL ...
RBI: Deepak Singhal is new Executive Director
Deepak Singhal has taken over as the new Executive Director at the Reserve Bank of India on Monday. He will ...
Odisha: Liquidated UCB claims loan-amount
Dhenkanal Urban Cooperative Bank (DUCB) in Odisha has issued notices to around 500 loanees in the district for recovery of ...
Clarification of DICGC insures
Dr P. W. Borgaonkar In your write up ”The DICGC insures all bank deposits, such as saving, fixed, current, recurring ...
United Comm Co-op Bank, Kanpur loses license
Reserve Bank of India (RBI) has cancelled the licence of United Commercial Co-operative Bank based in Kanpur (Uttar Pradesh). The ...
RBI cancels licence of Baranagar Co-op Bank
The Reserve Bank of India (RBI) has cancelled the licence of Baranagar Co-operative Bank Ltd., Kolkata (West Bengal). The order ...
Abhyankar meets Jayant, demands hiked DICGC limit
NAFCUB President Mr. Mukund Abhyankar raised an issue close to the hearts of the victims of failed urban cooperative banks, ...
Update on loot of Veera Shaiva Cooperative Bank
Rakesh Chopra, one of the Indian Cooperative readers has updated on Veera Shaiva Cooperative Bank which we found useful for ...
Eight cooperative banks go bust this fiscal
As many as eight cooperative banks failed in this fiscal so far, resulting in credit insurance company DICGC paying a ...
26 co-operative banks failed in 2010-11
As many as 26 co-operative banks failed in 2010-11 which resulted in credit insurance companies paying over Rs 268 crore ...
RBI cancels license of Tandur Mahila Co-operative Urban Bank
In view of the fact that the operations of the Tandur Mahila Co-operative Urban Bank Ltd., Tandur (Andhra Pradesh), were ...
HC respite for Madurai coop bank depositors
The Madras High Court bench here has directed liquidator of the defunct Madurai Urban Cooperative Bank to send a proposal ...
