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Kerala: No respite to dissolved committee members from HC

Kerala High Court recently dismissed a clutch of appeals filed by various dissolved district cooperative bank managing committee members against a single judge’s interim order declining the plea for directive for restoration of the committees, reports Hindu. The committees had stopped functioning following the promulgation of the Kerala Cooperative Societies Amendment Ordinance which had restructured […]

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Scam in Housing Co-ops: Sushil Modi accuses Lalu’s favourite

After accusing Lalu Prasad’s family members of acquiring unexplained assets, BJP leader Sushil Kumar Modi has hinted his hand in the alleged widespread corruption in the MLA Housing Co-operative in Bihar. Modi has demanded immediate dissolution of the co-operative, say media reports. Modi has charged that the Housing co-operative is headed for a long time […]

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Jammu Co-op Bank: Co-op Secretary holds meeting

Secretary Cooperative Department of J&K met the newly constituted Board of Administrators of Jammu Central Cooperative Bank (JCCBL) and discussed the issues related to the functioning of the bank, reports DailyExcelsior.com The state Government had recently constituted a Board of Administrators after the expiry of term of the earlier elected Board by appointing Anuradha Gupta, […]

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Maharashtra: Multi state co-ops under IT scanner

IT dept has begun inquiring into three multistate co-operative credit societies from Maharashtra, reports Indian Express. The societies are being investigated for alleged laundering of about Rs 1,390 crore of unaccounted cash in what officials claim is large-scale tax evasion and money laundering by entities and individuals through banking channels. The societies under investigation are […]

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Demonetized notes : Pawar highlights problems of co-op Banks

District co-operative banks in Maharashtra are burdened with demonetised notes worth Rs 3,000 crore which they are not able to get replaced. This may affect payment of crop loans to farmers during the kharif season; official sources are quoting saying, reports Indian Express. The Maharashtra government has already placed the facts before the Union finance […]

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Co-optex registers growth

According to Tamil Nadu Handlooms and Textile Minister Tamil Nadu Handloom Weavers’ Co-operative Society popularly known as Co-optex, has recorded total sales of Rs 315 crore in 2016-17, reports Business Standard. An official release says the society has registered Rs 2 crore as profit. The Minister was inaugurating in Vadaranyam a new showroom set up […]

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Madras HC pulls up co-op Registrar

Madras High Court has directed the Registrar of Co-operative Societies to take action against a former president and vice-president of Vandavasi Primary Agricultural Co-operative Credit Society for alleged misappropriation of funds, reports New Indian Express. The court said this while passing orders on petitions from a former chief of Vandavasi society. The petitioner had requested […]

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Idea of Kerala Co-op Bank resisted

Irked by the “undeclared ban on recruitment” to district cooperative banks following the government’s decision to set up a ‘Kerala Bank’, jobseekers are planning to hold a ‘symbolic PSC examination’, reports Hindu. The District Coop Bank All-Kerala PSC Rank Holders’ Association, which represents 6,000 people short-listed by the Kerala State Public Service Commission for appointment […]

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