Banks
RBI gives co-op bank license to Jharkhand
Jharkhand will finally have the cooperative Bank after the struggle of 12 years. RBI representative handed over the license for...
Read moreAhmedabad Municipal Co-op bank’s directions extended
The period of Directions imposed on Ahmedabad based Municipal Co-operative Bank has been extended. The apex bank had first imposed...
Read moreRupee Bank finds a suitor in Saraswat?
Pune based Rupee cooperative bank may have found a suitor in the largest urban cooperative bank of India Saraswat Bank. Though...
Read moreNagrik Sahakari Bank, Indore penalized
The Reserve Bank of India has imposed a monetary penalty of Rupees five lakh on the Nagrik Sahakari Bank based...
Read moreHope revives for Amanath Co-op Bank
The beleaguered Amanath Cooperative Bank is likely to be taken over by Canara Bank. The latter has asked a chartered accountancy firm to collect details about the former's assets and liabilities. ...
Read moreRupee co-op bank trouble continues
The Reserve Bank of India has extended the validity period of directions imposed on Rupee Co-operative Bank based in Pune,...
Read moreRBI 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 more
