Banks
RBI wields its Regulatory Authority again; penalizes four UCBs
The Reserve Bank of India wielded its regulatory authority, slapping monetary penalties on four cooperative banks totaling Rs 4.75 lakh,...
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NAFCUB vote, a mere formality as Mohite withdraws developing cold feet
Even before the vote could be cast, sensing his excruciating defeat, Pune corporator Subhash Mohite surrendered and announced his withdrawal....
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Four UCBs penalized; Fine of Rs 63 lac on Bombay Mercantile Co-op Bank
Reserve Bank of India imposed monetary penalties on four cooperative banks for breaching the RBI norms. These banks are Nakodar...
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RBI cancels license of Jai Prakash Narayan Nagari Sah Bank
The Reserve Bank of India has cancelled the license of one more urban cooperative bank- Jai Prakash Narayan Nagari Sahakari...
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Mehta-Patil secures partial success at consensus; Mohite & Mali rebel
The ultimate dream of the Mehta-Patil Panel to choose a NAFCUB Board without going in for voting, was dashed on...
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RBI fines four co-op banks including Janata Sah Bank, Amaravati
The Reserve Bank imposed monetary penalties on four cooperative banks for breaching the RBI rules and regulations on Thursday. The...
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Nashik conference kicks off amidst who’s who of cooperative sector
The Urban Cooperative Banks State Level Conference commenced in Nashik, Maharashtra, on a positive note, marked by the esteemed presence...
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Tenure Tension: Report underscores RBI-UCBs not on same page
In its annual report for the fiscal year 2022-23, the Reserve Bank of India (RBI) offered insights into the urban...
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RBI revokes licenses of two urban co-op banks on Friday
The Reserve Bank of India revoked the licenses of two cooperative banks, namely Hiriyur Urban Cooperative Bank and Shree Mahalaxmi...
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RBI fines 5 of Gujarat’s UCBs; highest fine on Shree Bharat Co-op Bank
On Thursday, the Reserve Bank of India imposed fines totalling Rs 13.50 lakh on five urban cooperative banks for violating...
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RBI revokes License of Adarsh Mahila Nagari Sahakari Bank, Aurangabad
The Reserve Bank of India (RBI) cancelled the license of Aurangabad-based Adarsh Mahila Nagrik Sahakari Bank on Friday. According to...
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UCBs’ health improved with stronger capital buffers & profitability: RBI
The health of UCBs improved further in 2022-23, which was reflected in stronger capital buffers and higher profitability. While there...
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StCBs & DCCBs outperform SCARDBs & PCARDBs: RBI Report
In a Report on Trend and Progress of Banking in India 2022-23, RBI said among rural credit co-operatives, StCBs reported...
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Gite-Bhandari led Panel clean sweeps NAMCO Bank’s elections
Asserting their supremacy, the Pragati Panel led by the outgoing Chairman Vasant Gite and director Sohanlal Bhandari has made a...
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RBI penalizes five co-op banks including Thane DCCB
The Reserve Bank of India has imposed monetary penalties on five banks on Friday for breaching the RBI rules and...
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