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What makes Saraswat Bank click!

What makes Saraswat Bank click when large PSU Banks are in trouble? The answer lies in the fact the UCB has restrained its temptations of advancing loans to big corporate. It would like to restrict itself by lending mostly to small businesses and has in fact added more than a 1000 new accounts with loan […]

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Visakhapatnam Cooperative Bank on growth path

Impressed by the growth of Visakhapatnam Cooperative Bank, Commissioner of Capital Region Development Authority Dr Cherukuri Sridhar assured it of all help including lands and related facilities should the Bank decides to come to the capital of Navyandra. Sridhar was inaugurating the 48th branch of Visakhapatnam Cooperative Bank for public last week. Sridhar said the […]

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Bassein Catholic Co-op Bank reverses DeMo trend!

Maharashtra based 99 years old Bassein Catholic Cooperative Bank (BCCB) is perhaps an exception. Contrary to general impression, there was an increase in deposits during demonetization, claimed Sachin Nester Pereira Chairman of Bassein Catholic Cooperative Bank Pereira. Recently in news for not allowing non-Christians as members the UCB’s deposits stood at Rs 5567.46 crore on […]

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Maha loan waiver: Messy handling makes Darade quit

Narendra Darade, Chairman of Nashik District Central Cooperative Bank has resigned from his post saying government’s messy handling of the loan waver scheme has made it tough to work and deliver. It bears recall that more than six months have passed since Maharashtra Chief Minister Devendra Fadnavis announced the farm loan waiver scheme. While the […]

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Saraswat Bank: Centenary celebrations in Nashik

Saraswat Cooperative Bank kicked off another high voltage event in the series of programmes to be held for celebrating the centenary year celebrations at Nashik, Maharashtra. The function was attended by who’s who of town. Earlier Maharashtra chief minister Devendra Fadnavis had inaugurated the centenary celebrations, at Shanmukhanand Hall, Sion in Mumbai. The Nashik event […]

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We don’t discriminate: B Catholic Co-op Bank

“We have about 90,000 shareholders belonging to different castes and communities including Hindu, Muslim, Christian and others communities so it is wrong to say that we offer membership on the basis of religion or castes”, says Sachin Nester Pereira, Chairman of Bassein Catholic Cooperative Bank. He was giving his reaction on the issue of not […]

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Determined to rid co-ops of graft: AAP Minister

We have set up a ‘Cooperative Committee’ comprising cooperative leaders and mandating them to give suggestions about how to transform the cooperative sector in the country’s capital. We will amend the cooperative Act of Delhi in the light of their suggestions, said Cooperative Minister of Delhi Rajendra Pal Gautam. Gautam said this on sidelines of […]

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MSCB hands over cheque to CM

Maharashtra State Cooperative Bank (MSCB) has recently contributed a cheque of Rs 4 crore towards Chhatrapati Shivaji Maharaj Farmer Sanman Yojana in the state. The cheque was handed over to Maharashtra Chief Minister Devendra Fadnavis by M.L.Sukhdeve, president of the bank. The Cooperative Minister of Maharashtra Subhash Deshmukh was with the chief minister at the […]

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Shivalik Mercantile Co-op Bank on growth path

Uttar Pradesh based Multi-state Shivalik Mercantile Cooperative Bank has opened two branches at Alam Bagh and Vikas Nagar in Lucknow. Chief Executive and Managing Director of the UCB Suveer Kumar Gupta said to this correspondent on the phone “The branches at Alam Bagh and Vikas Nagar were inaugurated by Sanjeev Mittal, Principal Secretary, Finance, and […]

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Demonetization: Credit co-ops’ struggle is still on

Today is the first anniversary of demonetization. The co-operative sector hit worst by the decision is still trying to recover from the shock. Besides the genuine concerns of the sector, efforts by corrupt politicians trying to use the channel of co-op banks to exchange their black money also made headlines for months together. The DCCBs, […]

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