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GUCBF: Jyotindra Mehta gets re-elected

Jyotindra Mehta and Dolarrai Kotecha have been re-elected unopposed as the Chairman and Vice-Chairman of the apex body of Gujarat Urban Cooperative Banks GUCBF in the election held on Thursday in its headquarters at Ahmedabad, Gujarat. The election of GUCBF was held on September in 2015 for five years but according to the bye-laws of federation and […]

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Ramgarhia Co-op Bank elects Sehra as Chairman, Kaur as his deputy

Ajit Singh Sehra and Ranjit Kaur have recently been elected as the Chairman and Vice-Chairman of Delhi based Ramgarhia Cooperative Bank respectively. Sehra has replaced Inderjeet Singh who did not contest the election this time. The bank’s election was recently held in the Capital for which voting took place at Ramjas School in Paharganj. About […]

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Bhopal Nagrik Sahakari Bank loses license

The Reserve Bank of India has cancelled the licence of The Bhopal Nagrik Sahakari Bank Ltd, Bhopal, Madhya Pradesh to carry on banking business, with effect from the close of business on January 22, 2018, according to a late news arriving at Indian Cooperative desk. The Registrar of Co-operative Societies, Madhya Pradesh has also been […]

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Marching ahead VCB touches half a century mark

In a function marked by gaiety and celebrations the Vishakhapatanam Cooperative Bank opened its 50th branch last week at Dilshuknagar in Hyderabad. Manam Anjaneyulu Chairman Emeritus inaugurated the branch for the general public. Anjaneyulu congratulated the members, customers, co-operators, management and Staff of the bank for working in a positive way and building the bank […]

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UCBs hail govt decision to relax OTS norms

Recently the Maharashtra Government has tweaked the norms of the one-time settlement (OTS) scheme to help Urban Cooperative Bank (UCBs) recover long-pending bad loans which has created enthusiasm amongst the office bearers of these banks. While talking to this correspondent Vidyadhar V.Anaskar, President, Maharashtra Urban Cooperative Banks Federation hailed the move of the state government […]

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KAIJS Bank elects Awade as Chairman and Bhau as his deputy

Former textile minister Prakash Kallappa Awade and CA Chandrakant Bhausaheb Chougule have been elected unopposed as chairman and Vice-Chairman of Maharashtra based KAIJS Bank respectively. KAIJS Bank is a multi-Scheduled Bank. The names of both the office bearers were announced during the Special General Meeting held on Monday at the bank headquarters. Chairman Prakash Awade and Vice-Chairman Chandrakant Bhausaheb […]

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Rana inaugurates Biscomaun service centre

During the AGM of the  Gopalganj Central Cooperative Bank, Bihar Cooperative Minister Rana Randhir Singh  said that for the development of cooperatives the state and the central government are working together. He praised the role played by PACS chairmen in improving the life of farmers in this connection. On this occasion Rana digitally inaugurated the 4th Farmers Service […]

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No action against PSU banks’ defaulters but all for DCCBs!

Like several cooperators connected to co-op banks Hasan Mushrif, Chairman of Kolhapur DCCB is a harassed man today after the letter of RBI asking District Central Cooperative Banks (DCCBs) of Maharashtra to destroy old currency notes landed at his desk. The bank has about Rs 25 crore in old currency notes. Talking to Indian Cooperative […]

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Kurmanchal Sahakari Bank poised to seek scheduled status

The leading bank of Uttarakhand, Kurmanchal Nagar Sahkari Bank has recently held its board meeting in its headquarters at Kurmanchal Bhawan, Nainital and discussed the idea of achieving Scheduled Status for the bank. The meeting was presided over by Vinay Sah, Chairman of the Bank and was attended by Ghashyam Bist, Govind Raturi, Dinesh Sah, […]

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Equipped with multi state license DNS Bank vows to expand

Maharashtra based Multi-State Scheduled Bank, Dombivli Nagari Sahakari Bank (DNS Bank) is planning to expand its foot-print in Jabalpur, Madhya Pradesh by the next financial year. The bank has recently received the Multi State Scheduled status. Talking to this correspondent on the phone, the Bank CEO and General Manager Gopal Giridhar Paranjpe said “As we […]

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Expanding GP Parsik Bank to set its feet in Karnataka

Growing at an unprecedented pace Maharashtra based G P Parsik Sahakari Bank (Multi-State Scheduled Bank) inaugurated its 82nd branch at Dharampeth and 83rd branch at Lokmat Chouk, Nagpur last week. Both the branches were inaugurated by Ranjit Gopinath Patil, Chairman of the Bank. Inaugurating the branch, Ranjit Gopinath Patil, Chairman, G P Parsik Sahakari Bank […]

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RBI warns against fake website with fraudulent intent

The regulator banking industry in the country Reserve Bank of India has cautioned people against a fake website which masquerades as the official website of the apex bank with the intention of cheating people. In a press release the apex bank has said” It has come to the notice of the Reserve Bank of India […]

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