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Banks

Rupee Bank: Depositors Vs Defaulters

Posted on 31 October 2014

By Vijay Oswal One of our readers Mr Vijay Oswal has written a thought-provoking comment on Rupee Bank crisis. We reproduce below his reaction for readers’ benefit-Editor This is in Ref. With the article in the Times Of India Dated 4th September 2014 “RBI norms May Hit Co-op Depositors.” Amusing as it may sound but […] Continue Reading

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From States

Odisha Co-op elections: Dates announced

Posted on 31 October 2014

The Odisha Cooperative Election Commission on Wednesday announced elections to 9,733 primary cooperative societies in the state. Cooperative Election Commissioner Krushna Gopal Mohapatra said the polls will be held in two phases – January 18 and 25 next year. “The chief secretary has asked the district collectors to ensure smooth conduct of the polls,” he […] Continue Reading

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Banks

UCBs allowed to act as PAN service agent

Posted on 31 October 2014

The Reserve Bank of India (RBI) has allowed all urban cooperative banks (UCBs) to act as PAN service agents. Earlier, only financially sound and well-managed UCBs were allowed to act as PAN service agents. They were allowed to do so only after entering a tie-up with UTI Infrastructure and Technology Services Ltd (UTIITSL), NSDL e- […] Continue Reading

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Banks

Panihati Co-op Bank woes continue

Posted on 30 October 2014

The Reserve Bank of India has extended directions for a further period of six months on Panihati Co-operative Bank based in Kolkata. The directions will continue to apply to the bank until April 23, 2015, subject to review. It was on April 24, 2014 that the Reserve Bank had first placed the bank under directions for […] Continue Reading

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IFFCO

IFFCO, Phulpur bags environment award

Posted on 29 October 2014

IFFCO’s phulpur unit based near Allahabad in Uttar Pradesh bagged environment award. The award has been set up by the Government of India. A visible happy Managing Director of IFFCO Dr U S Awasthi lost no time in congratulating his team for being able to do so. Among various awards doing rounds , the one […] Continue Reading

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IFFCO

IFFCO Kandla braces for Nilofar

Posted on 28 October 2014

Gujarat State administration is preparing to face ‘Cyclone Nilofar’, which has developed in the Arabian Sea and is likely to move towards the state’s coast. The Met Department issued a warning asking port authorities to put up raised and easily noticeable warning signals. Bracing himself for the situation, IFFCO Managing Director Dr U S Awasthi said he is […] Continue Reading

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Banks

No respite for Amanath Co-op Bank

Posted on 28 October 2014

The Reserve Bank of India has issued certain Directions to Amanath Co-operative Bank Ltd., Bangalore. The directive shall continue to apply for a further period of three months from October 05, 2014 to January 04, 2015, subject to review. According to the Directions, Amanath Co-operative Bank cannot, from the close of business on April 05, […] Continue Reading

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From States

PACS election: Attempt to kill BDO

Posted on 27 October 2014

PACS election in Bihar turned bloodier last week when an attempt to kill the Block Development Officer (BDO) Rajiv Ranjan of Kalar block in Arwal district was made. The officer escaped but not without getting injured. His vehicle was destroyed.  In what looked like a pre-meditated conspiracy the miscreants were waiting for the BDO hiding […] Continue Reading

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Cooperative Coffee Shop

Consumer Forum mightier than Govt!

Posted on 22 September 2014

By I C Naik One can conclude from experiences that the consumer forum is proving mightier than the Government. Call it lack of will or lack of boldness on the part of citizens, a simple solution of getting conveyance through Consumer courts escaped the attention cooperative activists equally: State Authorities do not consider cooperative housing […] Continue..

Co-op in grip of monster of regulations!

Maharashtra: Flaw in housing society bye-laws

Co-op News Snippets

Sumul to sue Florist for mischief

Posted on 30 October 2014

The Surat district cooperative milk union that packages Amul milk pouches will soon take legal action against a flower seller from Udhna who has posted fake pics of a dead rat floating in the AMUL milk on Whatsapp. The pics have gone viral provoking furious reactions from the people. Meanwhile, the florist has refused to […] Continue..

Nabard-RBI joint action plan for ailing DCCBs

Co-op: Want to survive? Shun politics

 

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

Jasmine co-op society: Heroic fight by Kamat

Posted on 07 September 2014

This is a classic case of discrimination of a smaller group of members holding larger flats by a bigger group of members holding smaller flats in charging for common services provided. The story is about Vasant Vihar Jasmine Tower Co-operative Housing Society, a renowned housing society in Vasant Vihar, an upmarket area in the city […] Continue..

Success story of Rupjyoti SHG, Doligaon

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