BoM in UCB: A few welcome, majority oppose

Indian Cooperative has talked to Chairmen and CEOs of several Urban Cooperative Banks and noted their reaction to Reserve Bank of India proposing draft guidelines for their Boards of Management. While some cooperators have hailed RBI’s move, some have hinted at opposing the draft proposal as they think it goes against the cooperative spirit. Sunil […]

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UCB: RBI proposes draft guidelines for BoM

In a bid to professionalize the working of urban cooperative banks across the country, Reserve Bank of India has proposed constitution of Board of Management (BoM) for each of them. RBI has, on Monday released draft guidelines on constituting Board of Management (BoM) for Primary (Urban) Cooperative Banks (UCBs). The guidelines propose that UCBs should constitute a […]

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Has Piyush forced NABARD to speak lies?

A desperate Congress does not know how much to milk from an RTI revelation in Ahmadabad Cooperative Bank episode. Those familiar with the working of cooperative banks certainly find it hard to suppress their smile at the ignorance of the country’s grand old Party Congress, say a large number of cooperators Indian Cooperative talked to. […]

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Saraswat Bank wins NPCI Excellence Award

“National Payments Corporation of India (NPCI) has honoured Saraswat Bank with the National Payments Excellence Award in recognition of its excellent performance in various products viz. NFS ATM Network, RuPay, CTS, Instant Payment Products (IMPS+UPI+BHIM+USSD), NACH & AEPS. Saraswat Bank has been chosen as the Winner across the entire product range this year as against […]

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UP Co-op Bank MD displays classic disdain for media

After ABP News it was the turn of Network 18’s Firstpost to train its guns on cooperative sector. It ABP targeted Adarsh Credit Cooperative, Firstpost has dissected the misdeeds of Uttar Pradesh Co-operative Bank Limited. Ravi Kant Singh, Managing Director of Uttar Pradesh Co-operative Bank Limited is unrepentant. At least that is how he sounded […]

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Bombay Mercantile Co-op Bank: MD denies wrong-doings

Maharashtra based Scheduled Bank Bombay Mercantile Cooperative Bank MD Shah Alam Khan has strongly denied his involvement in the Rs 2.67 crore scam saying “we have already cleared the dues of UP Minorities Finance and Development Corporation Limited and therefore they are making baseless allegations”. Earlier, the media reports said an FIR of fraud and […]

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SVC Bank polling over, result on June 22

The election held last week for the third largest Urban Cooperative Bank of India Shamrao Vithal Cooperative (SVC) Bank hit a new low when charges and counter charges of malpractices were leveled by candidates. The polling is over and the election results of the board of directors are expected to be announced on 22nd June on the […]

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PM Awas Yojana: KAIJS Bank ranks 3rd among UCBs

Kallappanna Awade Ichalkaranji Janata Sahakari Bank has ranked third in the whole of the country in Urban Cooperative Banking Sector in terms of subsidy disbursement under “Pradhan Mantri Awas Yojana (Urban)” launched with an aim to ensure Housing for all, claimed Prakash Awade, the Chairman of the KAIJS Bank quoting a HUDCO survey. KAIJS bank […]

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