Nagrik Sahakari Bank, Indore penalized
The Reserve Bank of India has imposed a monetary penalty of Rupees five lakh on the Nagrik Sahakari Bank based ...
Tag: rbi
Rupee co-op bank trouble continues
The Reserve Bank of India has extended the validity period of directions imposed on Rupee Co-operative Bank based in Pune, ...
RBI wants politicos away from co-operatives
In response to a directive from the RBI the Punjab govt. has decided to begin a process that would prevent ...
Sarvodaya Sahakari Bank and Kokan Prant Sahakari Bank in dock
Last week the Reserve Bank of India imposed penalties on two urban cooperative banks namely Sarvodaya Sahakari Bank based in ...
Gandhidham Mercantile Co-op Bank penalized
A statement issued by the Reserve Bank of India informs that Gandhidham Mercantile Cooperative Bank in Kutch in Gujarat has to pay a fine of Rs. 5 lakh for violating various guidelines. The release blames the co-op bank of faulting on disclosure of monetary penalty in public domain, money laundering and intra-day overdrawals. Besides, the GMCB has been found guilty of violation of norms on giving money for buying real estate ...
Cooperative bank employees federation plans nation-wide strike
The All India Cooperative Bank Employees’ Federation (AICBEF) has expressed strong reservations to the Reserve Bank of India’s move on ...
Nasik Merchant Co-op Bank faulted
The Reserve Bank of India has imposed a monetary penalty of on the Nasik Merchants’ Co-operative Bank, Maharashtra for violation ...
This time it is top commercial banks
For a change the apex bank of the land RBI penalized several top commercial banks including SBI and PNB. Among ...
Wait for the opening of co-op bank licence
Peringnadur Bank We Peringandur Service Co-operative Bank, are a Primary Agricultural Co-operative Bank in Kerala. We want to get licence ...
Trouble continues for Merchants’ Co-op Bank,Dhule
The validity period of directions imposed on The Merchants' Co-operative Bank Ltd., Dhule, Maharashtra dated December 12, 2012 has been ...
Licence for Cooperative bank
Peringnadur Bank We Peringandur Service Co-operative Bank, are a Primary Agricultural Co-operative Bank in Kerala. We want to get licence ...
Amanath Co-op bank: End of woes not in sight
The woes of Amanath cooperative bank depositors continue. The depositors of the bank want their money back without delay. They ...
Hyderabad district co-op bank penalized
The Reserve Bank of India has imposed a monetary penalty of Rs five lakh on the Hyderabad District Co-operative Central ...
RBI sets deadline for Co-op banks
The RBI's regulatory sword of Democles hangs over scores of Indian cooperative banks across the country. The apex bank peeved ...
Wake up call: UCBs falling prey to mafias
Revelations about money laundering by various banks including cooperative banks in the country keep pouring in. But CBI's recentmost revelation ...
