Banks
RBI wants politicos away from co-operatives
In response to a directive from the RBI the Punjab govt. has decided to begin a process that would prevent...
Read morePolice asks co-op banks to install CCTV
A high incidence of thefts in district cooperative banks in Tamil Nadu has prompted the police to ask the banks...
Read moreProtests against Nabard circular continue
Nabard’s circular on PACS has begun meeting with a growing chorus of disapproval from cooperative banks and other cooperative organisations. ...
Read moreMahesh Bank’s 36th Foundation Day
A P Mahesh Bank,an urban cooperative bank headquartered in Hyderabad is a bank to reckon with. Recently it celebrated its...
Read moreSarvodaya Sahakari Bank and Kokan Prant Sahakari Bank in dock
Last week the Reserve Bank of India imposed penalties on two urban cooperative banks namely Sarvodaya Sahakari Bank based in...
Read moreGandhidham Mercantile Co-op Bank penalized
A statement issued by the Reserve Bank of India informs that Gandhidham Mercantile Cooperative Bank in Kutch in Gujarat has to pay a fine of Rs. 5 lakh for violating various guidelines. The release blames the co-op bank of faulting on disclosure of monetary penalty in public domain, money laundering and intra-day overdrawals. Besides, the GMCB has been found guilty of violation of norms on giving money for buying real estate...
Read moreCabinet clears Bharatiya Mahila Bank
The Union Cabinet on Thursday cleared a proposal to set up the Bharatiya Mahila Bank (BMB) with an initial corpus...
Read moreNABARD Circular: NAFSCOB Board asks co-op banks to protest
The NABARD directives came for special attack in the meeting of the Board of Directors of NAFSCOB in held at...
Read moreCosmos Bank earns a profit of Rs 96 crore
The Cosmos Co-Operative Bank Ltd., a leading Multistate Scheduled Co-operative Bank in India, has declared its financial results for the...
Read moreCooperative bank employees federation plans nation-wide strike
The All India Cooperative Bank Employees’ Federation (AICBEF) has expressed strong reservations to the Reserve Bank of India’s move on...
Read moreProtests pour against NABARD’s circular
What was inevitable has happened. States after states have refused to toe the line of NABARD on converting Primary Credit...
Read moreAmanath co-op bank scam divides State Congesss
The Amanath cooperative scam has caused dissension to jump up to the fore in the ruling congress party in Karnataka....
Read moreModernizing Co-op banks in MP
Cooperative banks in Madhya Pradesh will soon undergo technological modernization. All district cooperative banks including the Apex Bank would be...
Read moreNABARD climbs down on PACS
Overwhelmed by the criticism on the issue of PACS, NABARD backtracked somewhat on Monday and issued a clarification of its...
Read moreNabard’s circular causes consternation
Nabard's sudden announcement that it would end the role of primary agriculture cooperative societies as lenders to farmers has caused...
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