Nafcub hits legal deadlock: Mehta

The apex body of urban cooperative banks and credit co-ops NAFCUB is going to hold its Annual General Meeting this month on 20th August amid the lack of clarity as to who is the President. Jyotindra Mehta says Nafcub issue has got into a legal deadlock and work is suffering. Without naming anyone he says […]

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NAFCUB organizes seminar on Co-op Banks in MP

National Federation of Urban Co-op Banks and Credit Societies, New Delhi recently organized one day seminar on maximization of returns on SLR and other investment and digital technology in the Bhopal. The Seminar was attended by 44 managers and board of directors of UCBs of Madhya Pradesh and Chhattisgarh. H.K. Soni, General Manager, RBI, Bhopal […]

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Nafcub Kolkata chapter holds seminar

Several Chairmen and MDs of urban cooperative banks of West Bengal attended a seminar on the theme of Umbrella Organization for UCBs held recently in Kolkata. Subhas Gupta, Chief Executive of the apex body of urban banks and credit co-ops NAFCUB was one of the star participants in the seminar. P.N. Das, General Manager, D.C.B.S, […]

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Embarrassed Abhyankar blames it on legal opinion

Though Mukund Abhyanakar promised to react in detail to the Ministry’s order after talking to his Advocate, it was obvious from the tone and tenor of his speech that he has conceded defeat. Putting everything to his Advocate he said “I acted on the advice of Advocate Mr Ninad Laud”. Explaining further Abhyankar said his […]

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Nafcub’s All-India Conference stands postponed

The much hyped 10th All India Conference of UCBs & Co-op Societies of Nafcub scheduled in the first week of February stands postponed inconveniencing hundreds of delegates who have already booked tickets and made arrangements for their stay in the national capital. Indian Cooperative has received several mails from the affected delegates who have not […]

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Who is he to call meeting: Mehta blasts Abhyankar

Cooperators connected to the NAFCUB say the recent order of self-proclaimed President Mukund Abhyankar to hold a Board meeting on 24th January with a single point agenda is a cleaver move on behalf of the latter. The one-point agenda is restricted to the holding of a successful international conference slated for the first week of […]

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Fight degenerates: Mehta serves notice to Abhyankar

The apex body of urban cooperative banks and credit co-ops NAFCUB has become a hotbed of controversy as the fight between factions has degenerated into a war lacking any norms. The erstwhile President Jyotindra Mehta has strongly condemned the act of occupation of President Office by Mukund Abhyankar on Monday. On Monday Abhyankar went to […]

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NAFCUB: Abhyankar stakes claim, Joins as Prez

Mukund Abhyankar, Group Chairman of Pune headquartered Cosmos Bank staked his claim as President of the apex national body of more than 1700 urban cooperative banks and thousands of credit co-ops in the country Nafcub on Monday at its office in Narayana in Delhi even while the verdict of Delhi High Court was yet to […]

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NAFCUB: Central Registrar orders status-quo

Coming after Arbitration’s verdict concerning NAFCUB going in favour of Cosmos Co-operative Bank’s, Group Chairman, Dr. Mukund Abhyankar, Central Registrar has ruled that the status -quo be maintained. The verdict came on 29th September and on 30th September Central Registrar Ashish Bhutani has ordered that the status of the NAFCUB Board as on 28th September […]

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NAFCUB: Arbitrator reinstates Abhyankar as President

In a major development the Cosmos Co-operative Bank’s, Group Chairman, Dr. Mukund Abhyankar has been reinstated as the President of National Federation of Urban Co-operative Banks and Credit Societies Ltd, NAFCUB, according to a mail sent Mukund Abhyankar to Indian Cooperative. The Arbitrator pronounced his judgment on, Thursday, 29th September 2016, and decreed that it […]

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Nafcub condemns Raje’s amendment: Mehta

The pernicious amendment made to strangulate the urban cooperative banks’ democratic set-up in Rajasthan came in for a lot of sharp criticism at the Nafcub AGM with Jyotindra Mehta its President assuring delegates Nafcub would not be seen lagging behind in standing with them on the issue. Earlier, Mohan Parasar, the Vice Chairman of Rajasthan […]

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NAFCUB vows to set up Umbrella Organization

NAFCUB- the apex body of urban cooperative banks and credit societies held its Annual General Meeting Sunday at the NCUI headquarters in Delhi. Among other things, setting up an Umbrella Organization (UO) for UCBs was a recurrent topic of discussion in the AGM. Jyotindra Mehta the President of apex body was at his best in […]

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