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IFFCO: MD meets Chandra Babu Naidu

Posted on 18 September 2014

IFFCO is trying to revive its Kisan SEZ in Andhra Pradesh. Dr U S Awasthi, the Managing Director of IFFCO met the newly elected Chief Minister of Andhra Pradesh Chandra Babu Naidu on Tuesday in this connection. The meeting reportedly went off very well as a buoyed up MD soon tweeted “ Met #CM AP […] Continue Reading

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Khatri Urban Co-op Bank: Cakewalk victory for Mehra

Posted on 18 September 2014

A drama of democracy was witnessed in the Annual General Meeting of Khatri Urban Cooperative bank based in Daryaganj area of Delhi. The UCB had to elect its Board of Directors along with the Chairman and Vice-Chairman. But the entire proceedings were wound up in less than half an hour raising questions of propriety and […] Continue Reading

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Railway Employess Co-op Bank recruits

Posted on 18 September 2014

The Railway Employees Cooperative Bank Limited (RECB), Jaipur, has invited applications for recruitment from eligible and interested candidates to fill up the vacancies of clerk. Vacancies Total Posts: 25 Name of the posts: Clerk Pay Scale: Those who would get selected would be drawing a monthly salary of Rs 5,200 to Rs 20,200 along with […] Continue Reading

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CHS to play role in elections

Posted on 17 September 2014

Co-operative housing societies may be suffering from governmental apathy but the latter never shirks from taking their help should situation demand. Sources say the Election Commission will ask the cooperative housing societies in Mumbai to help the EC officials at the booth level in the upcoming assembly polls. The move sources add will ensure a […] Continue Reading

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CKP Co-op Bank: Keeping fingers crossed

Posted on 16 September 2014

The victims of CKP Bank may take consolation in the fact the Bombay high court has admitted a PIL to hear the case of the beleaguered UCB. The matter is likely to come up shortly, according to a source. Petitions and protests have failed to move the government, RBI and top cooperative leaders. Little do […] Continue Reading

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97th CAA : Naik writes to Prez

Posted on 16 September 2014

Respected Honurable President of India, The delay in the implementation of the crucial 97th Constitutional amendment has forced me to write to you- the first citizen of the country. I appeal to you to invoke Article 355 to ensure the states implement 97CAA without further delay. “Parliament, with a view to enhance public faith in […] Continue Reading

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ICA (A-P) : Cooperators go in large number

Posted on 15 September 2014

If you want to meet cooperators in India you will have to go to Bali. Indian cooperators in droves have gone to participate in the 11th International Co-operative Alliance Asia and Pacific (ICA-AP) Regional Assembly. The Regional Assembly is starting from today and will continue till September 20. Over 500 co-operators from 20 countries in […] Continue Reading

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License of Mirzapur Urban Co-o Bank cancelled

Posted on 15 September 2014

The cases of Urban Cooperative banks falling under the lens of Reserve Bank of India abound in number. The latest in the series is Mirzapur Urban Co-operative Bank based in Mirzapur, Uttar Pradesh. The Reserve Bank of India has, on September 1, 2014, cancelled the licence of The Mirzapur Urban Co-operative Bank Ltd. The UCB […] 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

Samata bank’s liquidation on cards

Posted on 17 September 2014

Samata Bank is one of the three cooperative banks in Maharashtra likely to be liquidated soon. Both the state CID and the Enforcement Directorate(ED) have begun criminal proceedings in this connection. The borrowers have been charged with ruining the bank’s finances in collusion with the bank directors and, the total amount swindled is Rs 145 […] Continue..

UCBs turning into hub of money-laundering: Govt

Nabard to give long-term loan


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