Banks
Das underscores strengthening capital position of UCBs post-pandemic
In a comprehensive address during the 50th Monetary Policy Committee (MPC) meeting, Reserve Bank of India (RBI) Governor Shaktikanta Das...
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NUCFDC has potential to improve UCB sector; Shah in Rajya Sabha
National Urban Co-operative Finance and Development Corporation (NUCFDC) has the potential to significantly improve the urban cooperative banking sector; its...
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Telangana’s Citizen Co-op Society aims to achieve business of Rs 5000crs
One of the leading credit cooperative societies from Telangana, which is headquartered in Hyderabad - Citizen Cooperative Society is eying...
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RBI penalizes five urban co-op banks; highest penalty on UCB, Mainpuri
The Reserve Bank of India has imposed monetary penalties on five cooperative banks, including Nagnath Urban Cooperative Bank, Urban Cooperative...
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Ransomware attack disrupts co-op banking; 200 banks affected
The National Payments Corporation of India (NPCI) reported on Wednesday that C-Edge Technologies Ltd, a technology service provider primarily serving...
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RBI disallows continuation of Dividend Equalisation Fund
The Reserve Bank of India has asked urban cooperative banks to transfer the balances in the Dividend Equalisation Fund (DEF)...
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One more wicket down! Mahabhairab Co-op Urban Bank loses license
One more wicket down! The days are not going well for the cooperative banking sector as the Reserve Bank of...
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Union Budget underscores PM’s commitment to co-op sector: Shah
Union Home Minister and Minister of Cooperation, Amit Shah, praised the Budget 2024-25, calling it pro-people and pro-development. Shah emphasized...
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RBI cancels licence of AP based Uravakonda Co-op Town Bank
The Reserve Bank of India RBI has cancelled the licence of Andhra Pradesh based Uravakonda Co-operative Town Bank. And, as...
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West Bengal StCb business crosses Rs 25,000cr; profit at all time high
West Bengal State Cooperative Bank achieved a business mix of around Rs 25,000 crore and earned a net profit of...
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RBI penalizes four co-op banks on Thursday for violation of its norms
The Reserve Bank of India imposed a monetary penalty on four cooperative banks on Thursday for non-compliance with RBI’s directions...
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Punjab StCB crosses Rs 10,000cr business; earns handsome profits
Punjab State Cooperative Bank has performed spectacularly on all the financial parameters in the 2023-24 FY and crossed the business...
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Hefty fine on Mehsana UCB for donations to trusts managed by Directors
The Reserve Bank of India has imposed a monetary fine on three cooperative banks on Friday, with a hefty fine...
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Deogiri Nagari Sah Bank performs well; awaits scheduled bank status
Aurangabad (Maharashtra) based Deogiri Nagari Sahakari Bank's Chairman Kishor Shitole says the bank is likely to receive scheduled bank status...
Read moreTwo UCBs lose licenses, including Banaras Mercantile Co-op Bank
The Reserve Bank of India (RBI) has cancelled the licenses of two urban cooperative banks, "Banaras Merchantile Co-operative Bank Limited"...
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