Banks
RBI penalizes three UCBs & two DCCBs for non-compliance
The Reserve Bank of India has imposed monetary penalties on five cooperative banks for non-compliance with various regulatory norms. There...
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Abhyudaya Bank: HC validates RBI’s stand; Current team gets Extension
Two significant developments unfolded on Monday concerning Abhyudaya Cooperative Bank. First, RBI secured a victory in the Bombay High Court...
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AP’s Kanaka Mahalakshmi Co-op Bank aims SFB & Multistate status
One of the leading urban cooperative banks in Andhra Pradesh- Kanaka Mahalakshmi Cooperative Bank is on the verge of achieving...
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Rajkot Nagrik Sah Bank: 6 Directors elected unopposed; Polling underway
The much-anticipated cooperative elections, which have been dominating local media headlines in Gujarat, are underway for the board of directors...
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Zoroastrian Co-op Bank making waves with its diverse loan offerings
Maharashtra-based Zoroastrian Cooperative Bank Ltd (ZCBL) is making waves with its diverse loan offerings that have garnered widespread consumer interest....
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Damocles’ sword on eleven DCCBs in MP; Will RBI revoke their licenses?
There are media reports stating that the National Bank for Agriculture and Rural Development (NABARD) has issued a letter indicating...
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RBI fines UCBs from South; steepest on Mahabaleshwar Co-op Bank
The Reserve Bank of India has imposed monetary penalties on five cooperative banks in Southern India, including a substantial fine...
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AP’s Eluru Co-op Urban Bank on growth path; targets Rs 250cr business
Andhra Pradesh based Eluru Cooperative Urban Bank is planning to extend its operational area across the entire state and aiming...
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RBI fines five UCBs-three from Gujarat, for Regulatory Violations
The Reserve Bank of India has issued penalties to five co-operative banks for non-compliance with various regulatory directives, following inspections...
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RBI fines five co-op banks; extends Directives on two
The Reserve Bank of India imposed monetary penalties on five cooperative banks worth Rs 14.10 lakh and extended the period...
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Impressive turnaround: Nagaland StCb declares dividend after 26 years
Registering an impressive growth Nagaland State Cooperative Bank organized its 55th annual general meeting in a joyous atmosphere at the...
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NAMCO Bank performs well; aims achieving target of Rs 5,000cr
Nashik Merchants Cooperative Bank, popularly known as Namco Bank, performed comparatively well in the 2023-24 financial year compared to the...
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Raigad District Central Co-op Bank completes PACS computerization
The Raigad District Central Cooperative Bank (RDCCB) in Maharashtra has successfully completed the computerization of its affiliated Primary Agricultural Credit...
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AP’s Gandhi Co-op Town Bank eager to convert into SFB: Chairman
Gandhi Cooperative Town Bank in Andhra Pradesh is yet another UCB, which is planning to convert itself into a small...
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UCBs need more operational freedom to thrive: Jampeta CUB Chairman
Andhra Pradesh based Jampeta Cooperative Urban Bank is aiming to achieve a business mix exceeding Rs 1,000 crore by 2026,...
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