Banks
RBI extends Directions on four urban co-op banks; Ramgarhia in list
RBI announced last Friday that four urban co-op banks will have no respite and they will continue to be under...
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RBI cancels licences of Malkapur UCB & Shushruti Souharda Sah Bank
The Reserve Bank of India cancelled the license of Karnataka based Shushruti Souharda Sahakara Bank Niyamita and Maharashtra based Malkapur...
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RBI imposes penalties on 7 co-op banks; highest fine on UP Co-op Bank
The Reserve Bank of India imposed a penalty on seven cooperative banks on Monday for breaching the RBI norms. The...
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HP State Co-op Bank Chairman meets Gyanesh; seeks warehousing facilities
Himachal Pradesh State Cooperative Bank Chairman Devendra Shyam met Union Cooperation Secretary Gyanesh Kumar at his office recently and raised...
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NKGSB Co-op Bank crosses business mix of Rs 12000cr; earns profit
Mumbai based NKGSB Cooperative Bank crossed the business mix of more than Rs 12,000 crore and earned a net profit...
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Durgesh’s hold continues in SVC Bank; re-elected Chairman unopposed
Durgesh S Chandavarkar was re-elected unopposed as the Chairman of the second largest urban cooperative bank of India-SVC Cooperative Bank,...
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Shah writes to NAFCUB; reiterates his commitment for UCBs
Union Home and Cooperation Minister Amit Shah has written a letter to Nafcub President Jyotindra Mehta on Friday last week...
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COBI: Ajay Patel elected Chairman & Milind Kale Vice-Chairman
The well-known cooperator from Gujarat Ajaybhai Patel was elected unopposed as the Chairman of Cooperative Banks of India (COBI), with...
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Four top co-op banks penalized; Steep fine on Bihar State Co-op Bank
The Reserve Bank of India has, by an order dated June 05, 2023, imposed a monetary penalty of Rs 10.00...
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Co-operators jubilant on OTS for UCBs; Mehta calls it much-needed
In a move that has gladdened the entire urban cooperative banking fraternity, the Reserve Bank of India has issued instructions...
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Nafcub welcomes more time for PSL deadline; seeks its clampdown at 40%
The RBI has given a relief to the UCB sector by extending the deadline of meeting Priority Sector Lending targets...
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Eligible UCBs allowed branch expansion; Board’s approval needed
RBI has decided to grant general permission for branch expansion in the approved area of operation to financially strong UCBs....
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Chandavarkar Panel sweeps SVC elections; Pagare panel decimated
The panel led by the incumbent Chairman Durgesh S Chandavarkar has made a clean sweep in the elections of leading...
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RBI penalizes four UCBs for norm-violations; fine from Rs 1-3 lakhs
The Reserve Bank of India imposed a monetary penalty on several cooperative banks for breaching the RBI regulatory norms and...
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TJSB: Newly appointed MD, Ms Shirali aims to create milestones
The newly appointed Ms Subbalakashmi Shirali, who took over the charge as the new Managing Director & CEO of the...
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