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Anti-Money Laundering Specialist belongs to Cosmos Bank

The Anti-Money Laundering Specialist Ms. Geeta Datar who was recently adjudged as an expert- belongs to the Pune based UCB Cosmos Bank, informs Bank’s Chairman CA Milind Kale. She is an Assistant General Manager and Principal Officer of AML/KYC Cell of the Cosmos Co-operative Bank Ltd.. She has cleared the International Certification of ACAMS (Association […]

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Model Co-op Bank bags Vasantdada Patil award

The Maharashtra State Co-operative Banks’ Association, Mumbai (an Association of Co-operative Banks) at their 21st  Annual Awards Function, awarded Model Co-operative Bank Ltd. Late Padmabhushan Vasantdada Patil Best Bank award among Co-operative Banks (in the category of Deposits above Rs.500 crores) The function was held last week at P. L. Deshpande Maharashtra Arts Academy (Ravindra […]

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Rupee Bank: Hope of recovery rises

The administrative board of beleaguered Rupee Bank under the Chairmanship of Sudhir Pandit is doing a good job that has led to the RBI granting it another extension for 6 months. Pandit who earlier worked in the team of Mukund Abhyankar has made the UCB profitable for the first time after the crisis hit it. […]

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Celebrating 46th year: TJSB introduces new services

On the occasion of entering into the 46th year Thane based Urban Cooperative Bank TJSB Bank has introduced four new services including Bharat Bill Payment Services. The objective is to be recognized as an all-encompassing one-stop solutions provider, claim Bank officials. Other services introduced are Corporate Salary & Pension Credit Services, a strategic alliance with […]

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Nafed bail out to get Cabinet nod soon: Sanghani

The move to secure Nafed bail-out package from the government got a major boost last week when its Vice-Chairman Dileepbhai Sanghani met the Union State Minister Parshottam Rupala along with the Additional Secretary and the Central Registrar in Delhi. “The Minister had called me to his Parliamentary office but later when the House was adjourned […]

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Budget: Not all as enthused as Mehtas and Sanghanis

Not everybody is as happy with the provisions of the Union Budget as NAFSCOB Chairman Dileepbhai Sanghani or for that matter NAFCUB President Jyotindra Mehta-the two leaders owing allegiance to BJP. Scores of Chairmen of District Cooperative Banks and UCBs have faulted the budget for its inadequacies. Indian Cooperative correspondent talked to Chairmen and CEOs […]

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Budget: NAFCUB President hails 43D amendment

Nafcub President Jyotindra Mehta has expressed happiness over amendment in the Section 43D of the Act which would ensure non-scheduled banks are treated on a par with scheduled banks thereby bringing a huge relief to the urban cooperative banking sector. According to this Act, there was relief on the interest of NPAs to only PSUs, […]

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NABARD Chief participates in NAFSCOB seminar

Cooperative banks need to accelerate towards bringing PACS Societies on technology platform and adopt RuPay credit card facility. Because of lack of professionalism and improper governance, cooperatives are not moving ahead, said NABARD Chairman Dr H K Bhanwala who was invited as the chief guest during the National Seminar on “Roadmap to enhance the share […]

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Unending Drama: Mehta in; Abhyanakar out

In a major setback to the Cosmos Bank Group Chairman Mr Mukund Abhyankar the Central Registrar Mr Ashish Bhutani on Thursday disapproved act of “forceful assumption” of office by him and asked him to vacate the office sooner than later. Acting on behalf of the Central Registrar P. Sampath, Director (Cooperation) issued an order under […]

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RBI should not be discriminating: Chairman Raj Bank

Chairman of Rajkot based “Raj Bank” Kamal Dhami has demanded an end to discrimination between banks and insisted RBI should be just in the conduct of affairs between co-op banks and commercial banks. RBI must have a uniform approach while dealing with banks including co-operative banks. Cooperative banks are the backbone of our national development […]

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High Court dismisses Nafcub-Mehta petition

Delhi High Court dismissed the petitions of Nafcub and its incumbent President Jyotindra Mehta, in which they had challenged the award of the Arbitrator G C Saxena on Tuesday. “The copy of the judgment would be made available only on Thursday, though the hearing was completed on Tuesday”, Mukund Abhyankar informed Indian Cooperative on phone […]

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UCBs should have alternate delivery channels: Shetty

Government and RBI should give cooperative bank freedom to provide alternate delivery channels such as UPI, POS, Credit cards etc. The current RBI restriction in terms of net worth for co-operative banks should be immediately removed. Every Urban Co-operative Bank should be able to become direct members of NPCI, demanded Karnataka based UCB Manavi Pattana […]

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