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Recent News


PM greets Radha Mohan on B’day

Posted on 02 September 2014

Few would disagree that importance of cooperation minister in the eyes of Prime Minister is always good news for the cooperative movement. So is the case with the present Union Minister of Agriculture and Cooperation Radha Mohan Singh. The Prime Minister Mr Narendra Modi who is on his epoch-making trip to Japan, nevertheless, found time […] Continue Reading

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Keshav Sahkari Bank: Gulati trounces Malik

Posted on 02 September 2014

The deeply entrenched former Chairman of Keshav Sahkari Bank Yatendra Malik was finally defeated last week in an election which threw up Jai Prakash Gulati as the new chairman of the Delhi based Urban Cooperative Bank. Gulati is a chartered accountant by profession and has been serving as the Director of Keshav Sahkari Bank for […] Continue Reading

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Cosmos Bank bags AP Licence from IRDA

Posted on 01 September 2014

Cosmos Co-operative Bank has been granted Certificate of Registration by Insurance Regulatory and Development Authority (IRDA) to act as Approved Person (AP) of Central Insurance Repository Limited (CIRL) and National Database Management Limited (NSDL), for the Repository Business. This enables the Bank to demat all insurance policies of public or private sector insurance companies without […] Continue Reading

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ICA Board: IFFCO puts up Aditya Yadav

Posted on 01 September 2014

This is the third time after Gowda and Patel. IFFCO has once again decided to contest a position on the Board of International Cooperative Alliance (ICA).  It has a candidate in Aditya Yadav who is perhaps the youngest Director on the IFFCO Board- a stark contrast to N P Patel whose major disadvantage at the […] Continue Reading

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Now women co-op bank under RBI’s scanner

Posted on 30 August 2014

In a recently concluded AGM of NAFCUB participants sought pride from the fact that India has about 85 women cooperative banks and all are doing well. It is also true that compared to male dominated UCBs, Women co-op banks gave little chance to regulators in the past. But here is a piece of bad news. […] Continue Reading

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Pauline calls for level-playing field

Posted on 29 August 2014

Dame Pauline Green, president of the International Co-operative Alliance, called on governments around the world to create a level-playing field for co-operatives in terms of policy and legislation. In a briefing from Co-operatives UK, policy officer James Wright welcomed the “legislative reform” that makes the “UK a better place to start up and grow a […] Continue Reading

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GCMMF: Milk unions fight among themselves

Posted on 29 August 2014

The country’s capital Delhi is becoming ground zero in the battle over dairy business. Interestingly, three dairy unions – Mehsana, Sabarkantha and Banaskantha affiliated to the dairy cooperative major Gujarat cooperative milk marketing federation (GCMMF) are involved in the smack down. The GCMMF’s members are fighting over the country’s biggest milk market worth Rs.9000 crore […] Continue Reading

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NLCF: MD’s official jeep stolen

Posted on 28 August 2014

Luck continues to play cruel with the Managing Director of National Labour Cooperative Federation R M Pandey. After his decimation at the recently concluded election of the apex body, he lost his official vehicle last Monday. Parked at his residence last night, the official jeep of the MD was missing in the morning. A surprised […] Continue Reading

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Cooperative Coffee Shop

Co-op in grip of monster of regulations!

Posted on 30 August 2014

By I C Naik A common man’s curiosity about what cooperative is all about could be responded by a simplistic definition that ‘cooperative business is a business that uses an integrated business structure with the members sharing decision-making authority, profits, and liability for debts. But he will not believe this simple truth, for it is […] Continue..

Maharashtra: Flaw in housing society bye-laws

Should co-op societies file annual return?

Co-op News Snippets

Choose directors from small depositors

Posted on 02 September 2014

The buzz is that the central govt. has agreed to offer the three beleaguered district central cooperative banks in Nagpur, Wardha and Buldhana a conditional package to bail them out of their trouble. In order to qualify for the special package, the banks have to ensure one third of their directors are chosen from among […] Continue..

Vishakhapatnam co-op bank completes 100 years

Amul’s big plan for cheese production


Cooperative Complaint Board

CKP Co-op Bank: No respite yet

Posted on 03 August 2014

There is no respite for CKP Co-op Bank depositors yet. Petitions and protests have failed to move the government, RBI and top cooperative leaders. Little do they realize that such incidents drive away the trust of people from what is touted as cooperative model? Through a circular issued in May RBI had said “the  CKP […] Continue..

Complaint against Refinery View CHS

Selling surplus flats to cronies!

Cooperative Success Stories

Success story of Rupjyoti SHG, Doligaon

Posted on 05 March 2014

Rupjyoti SHG is a female group at Daloigaon under Central Jorhat Development block. The group was formed in the year 2006 with a membership of twenty women. This SHG’s experience proves how women with the help of the cooperative principles organize themselves to beat poverty and despair. The primary purpose of self help groups is […] Continue..

Success story of The Gujarat State Co-op Bank Ltd. Ahmedabad

Cooptex nets impressive profit