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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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Confusion abounds: Now HC Bench says co-ops fall under RTI

Last week judgment of the Aurangabad Bench of the Bombay High Court, as reported by RTI activist Vinita Deshmukh in Moneylife has added to the confusion over the issue if cooperatives fall under RTI. According to Moneylife the court reiterated that urban cooperative banks, cooperative financial institutions and other cooperative societies are bound by the […]

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NCUI President in campaign mode

The country’s ace cooperator and NCUI President Dr Chandra Pal Singh Yadav is busy campaigning for his son Yash Pal Singh Yadav who is fighting the UP Assembly elections as the Samajwadi Party- Congress alliance candidate from Babina (Jhansi). Indian Cooperative caught on with him while he was holding a road show in the Lodh-dominated […]

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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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IFFCO working for prosperity of farmers: Singh

Lauding cooperatives in general and IFFCO in particular for providing employment to  millions of people in the country Union Agriculture & Farmers Welfare Minister Radha Mohan Singh said govt is committed to strengthen cooperatives in the country. Singh has said this at Golden Jubilee celebrations of Cooperative Institution, IFFCO in Motihari, on Friday. Agriculture Minister […]

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Nafed bail-out: Sanghani meets Rupala today

Because of delay in a rescue package for NAFED, the ailing cooperative’s Vice-Chairman Dileepbhai Sanghani is rushing to Delhi to meet Union Minister of State for Agriculture Puroshottam Rupala. Before his visit, Sanghani said to this correspondent “I will meet Puroshottam Rupala in Agriculture Ministry and will discuss the NAFED revival package”. Because of his […]

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Cashless revolution in dairy co-ops: Govt

In the wake of demonetization the Centre as well as some forward looking dairy cooperatives such as GCMMF and Mother Dairy have gone cashless and the percentage of farmers with bank accounts has increased from 49.27% to 63.42%, claim govt reports. The cashless transactions with farmers have increased from 23.82% to 72.25%. Due to follow […]

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