Krishnanagar City Co-op Bank penalized
The Reserve Bank of India (RBI) has imposed a monetary penalty of ?2.00 lakh on the Krishnanagar City Co-operative Bank for ...
Tag: UCBs
Sah Bharati to interact with FM today; issue of ECLGS top on agenda
Top leaders of Sahakar Bharati are meeting Union Finance Minister Nirmala Sitharam on virtual platform today on Thursday in the ...
Pawar writes to PM calling bank Ordinance a move to privatize co-ops
Congratulating Prime Minister Narendra Modi for mentioning cooperatives from the pulpit of Red Fort, as was never done in the past by ...
System-based asset classification will help UCBs: RBI
Neeraj Nigam, the Chief General Manager of RBI has written letters to the Chief Executive Officers of Urban Co-operative Banks, ...
Divided House: NAFCUB fails to have consensus on amendment in BR Act
Soon after the Pune based UCBs opposed the Banking Regulation (Amendment) Ordinance of 2020, two urban cooperative banks of Tamil ...
Withdrawal for Youth Dev Co-op Bank & Hindu Co-op Bank raised
Regulator RBI has increased the withdrawal limits of two UCBs currently under Direction. They are Kolhapur based Youth Development Cooperative ...
Madras HC admits petition challenging BR Act tweaking
Kanchipuram Cooperative Town Bank Ltd and the Velur Cooperative Urban Bank Ltd.in Tamil Nadu have moved the Madras High Court ...
Pune’s UCBs hold meeting opposing provisions of amended BR Act
The Urban Cooperative Banking sector seems headed for a division of opinion on the issue of RBI’s total control of ...
PMC Bank: Yes Bank success inspires RBI Guv of an early resolution
Buoyed up with the success of the reconstruction scheme for The Yes Bank , RBI governor Shaktikanta Das hoped that ...
Sah Bharati attempts to clear doubts arising from RBI’s control of UCBs
In order to clear the lurking doubts in the minds of co-operators in the wake of new Ordinance bringing UCBs ...
Moorthy asks RBI to reconsider cap on dividend payment
G. Rama Moorthy Chairman of TESCUBFED and NAFCUB Director has written to the RBI governor requesting him to reconsider the ...
Ordinance on UCBs: Reactions keep pouring
Indian Cooperative desk is flooded with co-operators’ reactions on the Saturday promulgation of the Ordinance bringing urban cooperative banks under ...
President promulgates the Ordinance on UCBs
The President of India Ram Nath Kovind has signed the notification thereby promulgating the Banking Regulation (Amendment) Ordinance, 2020 on ...
RBI’s Association hails RBI’s control of UCBs
RBI's Employees Association has hailed the government's decision to bring all cooperative banks under RBI supervision. The association has also called ...
RBI control over UCBs: Majority lauds the move, some disagree
The leaders of Urban Cooperative Banking sector have reacted to the news of RBI’s total control over UCBs. While some ...
