While co-op banks did better, UCBs performed poorly: RBI
The Reserve Bank of India released the Report on Trend and Progress of Banking in India 2019-20, in which it ...
Tag: UCBs
RBI extends BoM deadline by 6 months; Marathe says “not enough”
The Reserve Bank of India has extended the timeline by six months for the constitution of the Board of Management ...
CM lauds Rajkot Nagarik Sahakari Bank for sterling performance
Gujarat based Rajkot Nagarik Sahakari Bank known as a “Large Bank of a Small Man” was one of the UCBs ...
Kerala’s UCB fined Rs 50 lac, Raigad based UCB’s direction extended
The Reserve Bank of India has imposed, by an order dated December 11, 2020, a monetary penalty of Rs 50.00 ...
Anaskar writes to RBI Guv; seeks distribution of dividends
Maharashtra Urban Cooperative Banks Federation (MUCBF) Chairman Vidyadhar Anaskar has asked Reserve Bank of India to review RBI’s circular disallowing ...
For a change RBI punishes Central Bank of India
For a change, the Reserve Bank of India has on November 10, 2020, imposed a monetary penalty of Rs fifty ...
GUCBF: Veteran co-operator Mehta elected Chairman 6th time in row
NAFCUB President Jyotindra Mehta and Dolarrai Kotecha have been re-elected unopposed as Chairman and Vice-Chairman of the apex body of ...
No end of woes for Needs of Life Co-op Bank
The Direction on the Needs of Life Co-op Bank Ltd, Mumbai shall continue to apply to the bank for a ...
Co-op banks’ leaders hail govt decision; call it game changer
The leaders of the cooperative banking sector have hailed the govt decision allowing co-operative banks including urban cooperative banks to ...
RBI unveils Technology Vision; Mehta talks of Umbrella for UCBs
The Reserve Bank of India has placed on its website the “’Technology Vision for Cyber Security’ for Urban Co-operative Banks ...
House passes Amendment Bill; Marathe says its beginning of new era
The Banking Regulation (Amendment) Bill, 2020 which was introduced in the Lok Sabha last week on Monday by Finance minister ...
Rules for banking companies can’t be applied to co-op banking: NAFCUB
In a statement the apex body of UCBs and credit societies NAFCUB has batted for the co-op character of co-op ...
With Ordinance in place, restrictions on UCBs must go: Nafcub
NAFCUB President Jyotindra Mehta has demanded that with the promulgation of Ordinance giving absolute right to RBI to supervise urban ...
Sah Bharati raises co-op issues before FM; hopes for positive outcome soon
As earlier disclosed in these columns, Sahakar Bharati top leaders deliberated on a host of issues concerning the cooperative sector ...
Asking UCBs to follow SBI rate on deposits not fair: Anaskar
Maharashtra urban co-op banks are objecting to the RBI diktat in which it has prohibited UCBs from offering interest rates ...
