UCBs fined for violations of KYC norms and loan to Directors
The Reserve Bank of India has imposed a monetary penalty of Rs five lakh on two banks based in Raipur....
Fasal Bima Yojana: Cut-off date extended
The Ministry of Agriculture and Farmers Welfare has extended the cut-off date for submission of insurance proposals to 10th August,...
License of Pioneer Urban Co-op Bank cancelled
The Reserve Bank of India has cancelled the licence of Pioneer Urban Co-operative Bank which is based in Lucknow, Uttar...
Drones to settle PMFBY claims
The central government intends using drones to settle insurance claims under the new crop insurance scheme — Pradhan Mantri Fasal...
Huge efforts to strengthen co-ops in TN
The Tamil Nadu govt has embarked on a huge effort to strengthen cooperative organizations in the state, media reports say....
PACS: TSCOB goes for massive computerization
After computerizing 270 branches of nine district cooperative central banks, the apex bank Telangana State Cooperative Bank (TSCOB) will computerize...
Woccu supports Nepalese credit unions
Nepal’s credit union movement has been working to help members recover after last year’s earthquake, in which nearly 9,000 lives...
Rajasthan demands greater refinance facility
Rajasthan is roiled because Nabard will provide only 40 per cent refinance to cooperative banks in the State, reports Hindu....
UCBs are not the only defaulter on KYC norms
Sick and tired of being penalized every now and then urban cooperative banks can find consolation that they alone are...
Will B M Vyas take over NDDB?
Former Amul Managing Director BM Vyas is one of the potential candidates to take over as the Chairman of the...
Khattar shuts down consumer co-op CONFED
Haryana State Federation of Consumers’ Cooperative Wholesale Stores (Confed) a fifty years old cooperative organization responsible for purchasing farmers’ produce...
Aurangabad DCC Chairman Patil gets bail
Bombay high court's Aurangabad bench has granted ad-interim bail to Suresh Patil, Congress leader and chairman of the Aurangabad district...
Prathamik Shikshak Sahakari Bank penalized
The Reserve Bank of India has imposed a monetary penalty of Rs ten lakh on the Prathamik Shikshak Sahakari Bank...
Bangalore based UCBs lead in PAN violations
In recent days , scores of cooperative banks across the country have been found involved in money laundering activities in...
Goa State Co-op Bank under cloud
An independent MLA' in Goa assembly alleged a scam in the tendering process of the accounts software of the Goa...
