Banks
RBI revokes licenses of two urban co-op banks on Friday
The Reserve Bank of India revoked the licenses of two cooperative banks, namely Hiriyur Urban Cooperative Bank and Shree Mahalaxmi...
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RBI fines 5 of Gujarat’s UCBs; highest fine on Shree Bharat Co-op Bank
On Thursday, the Reserve Bank of India imposed fines totalling Rs 13.50 lakh on five urban cooperative banks for violating...
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RBI revokes License of Adarsh Mahila Nagari Sahakari Bank, Aurangabad
The Reserve Bank of India (RBI) cancelled the license of Aurangabad-based Adarsh Mahila Nagrik Sahakari Bank on Friday. According to...
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UCBs’ health improved with stronger capital buffers & profitability: RBI
The health of UCBs improved further in 2022-23, which was reflected in stronger capital buffers and higher profitability. While there...
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StCBs & DCCBs outperform SCARDBs & PCARDBs: RBI Report
In a Report on Trend and Progress of Banking in India 2022-23, RBI said among rural credit co-operatives, StCBs reported...
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Gite-Bhandari led Panel clean sweeps NAMCO Bank’s elections
Asserting their supremacy, the Pragati Panel led by the outgoing Chairman Vasant Gite and director Sohanlal Bhandari has made a...
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RBI penalizes five co-op banks including Thane DCCB
The Reserve Bank of India has imposed monetary penalties on five banks on Friday for breaching the RBI rules and...
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PM visits IFFCO stall in Varanasi; talks on Nano urea & NaMo Drones
During his trip to Varanasi on Monday where he launched multiple development projects, Prime Minister Shri Narendra Modi also visited...
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UCBs should identify financial needs of downtrodden people: Bhagwat
Maharashtra’s leading bank-Kalyan Janata Sahakari Bank concluded its year-long Golden Jubilee celebrations on Saturday last week, in the august presence...
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RBI penalizes five UCBs; four from Pune & one from Mumbai
The Reserve Bank of India has penalized five urban cooperative banks on various instances of flouting its norms. These banks...
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Telangana tops in receiving NCDC’s assistance; AP & Haryana follow suit
In the current financial year, till 30th November 2023, the maximum amount disbursed by NCDC is the state of Telangana...
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Kalupur Comm Co-op Bank Chairman lists issues from reduced tenure
The Chairman of Gujarat’s largest UCB, Kalupur Commercial Cooperative Bank, Navnit Chimanlal Patel is opposed to the idea of reduced...
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License of Shankarrao Pujari Nutan Bank cancelled; 4 UCBs penalised
RBI cancelled the license of one more urban cooperative bank i.e. Kolhapur based Shankarrao Pujari Nutan Nagarik Sahakari Bank on...
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RBI supersedes Abhyudaya Bank Board; appoints Administrator
In a major development, RBI superseded the board of directors of Mumbai based Abhyudaya Cooperative Bank on Friday and appointed...
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RBI penalizes four UCBs including Shree Lodra Nagrik Sah Bank
The Reserve Bank of India imposed penalties on four urban cooperative banks worth Rs 8.25 lakh on Monday. The banks...
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