MSC Bank Declares 10% Dividend for 12th Year; Wins Govt Praise
The Maharashtra State Cooperative Bank (MSCB) has declared a 10% dividend for the 12th consecutive year, backed by a strong...
Shah to inaugurate Shri Beereshwar Co-op Head Office
South India’s leading credit cooperative, Shri Beereshwar Cooperative Credit Society, is set to witness a landmark moment on September 19,...
Penalty clause puts Scheduled UCBs’ eligibility at risk
The eligibility of 52 Scheduled Urban Cooperative Banks (UCBs) to participate as Member Lending Institutions (MLIs) under the Credit Guarantee...
Co-op Banks get new role in Education Loan Credit Guarantee Scheme
The Government of India has provided for the inclusion of Scheduled State Cooperative Banks and Scheduled Urban Cooperative Banks that...
Etawah DCCB: Allahabad High Court stays Interim Committee
The Allahabad High Court has stayed the proposed appointment of an interim committee at the District Co-operative Bank Limited, Etawah,...
109th AGM: Model Co-op Bank Eyes Growth with Scheduled Status
Model Co-operative Bank Ltd. is eyeing an accelerated growth phase after attaining Scheduled Co-operative Bank status, with the management targeting...
RBI’s entry norms for new UCBs too Stringent: Das
While addressing the AGM in New Delhi, NAFCUB President Laxmi Das raised concerns over the limited scope available to existing...
NUCFDC cuts Membership Fee; 620 UCBs join Platform
In a major development for Urban Cooperative Banks (UCBs), NUCFDC has reduced the membership fee for Tier-1 UCBs from 0.01%...
NAFCUB AGM: Directors’ 10-Year Cap Faces Heat, Resolution Passed
The contentious 10-year tenure limit for directors of Urban Cooperative Banks (UCBs) came under strong criticism at the 50th Annual...
NAFCUB enters Golden Jubilee Year with Renewed Push for UCB Reforms
The National Federation of Urban Co-operative Banks and Credit Societies Ltd. (NAFCUB) is entering its Golden Jubilee year with a...
Co-op Banks Win Big: Karnataka HC quashes IT Prosecution case
In a significant ruling concerning tax-reporting obligations of cooperative banks, the High Court of Karnataka has quashed criminal proceedings arising...
RBI widens investment framework for UCBs
The Reserve Bank of India (RBI) has widened the investment framework for Urban Co-operative Banks (UCBs), allowing them to acquire...
SC upholds RBI Power to Supersede Multi-State Co-op Bank Boards
The Supreme Court on Thursday upheld the Reserve Bank of India’s power to supersede the Board of Directors of a...
CRCS sets deadline for Geo-Tagging of MSCS, National Feds
The Union Ministry of Cooperation has directed all Multi-State Cooperative Societies (MSCS) and National Federations (NF) to complete their geo-tagging...
RBI stresses on UCBs’ Governance, Cyber Controls at RCS Conference
The Reserve Bank of India (RBI) has called for stronger governance, professional leadership and enhanced institutional capacity in Urban Cooperative...
