Banks
RBI cancels Jijamata Bank Licence, Supersedes Irinjalakuda Co-op Board
The Reserve Bank of India (RBI) has taken decisive measures against two urban co-operative banks amid concerns over their financial...
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Notification Out: RBI brings State and DCCBs under Integrated Ombudsman
As reported earlier in these columns, the Reserve Bank of India (RBI) has brought State Cooperative Banks and Central Cooperative...
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Long Overdue: RBI draft relaxes ban on loans to Directors of UCBs
In pursuance of the announcement made in the Statement on Developmental and Regulatory Policies dated December 8, 2023, the Reserve...
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RBI tightens Rules on loans to Directors & Related Parties in RCBs
The Reserve Bank of India (RBI) has unveiled the draft “Rural Co-operative Banks- Lending to Related Parties” Directions, 2025 for...
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RBI expands Ombudsman to Co-op Banks, considers Licensing Reforms
The Reserve Bank of India (RBI) has unveiled two landmark proposals with far-reaching implications for the cooperative banking sector. Delivering...
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Harmonizing Rules: RBI drafts new Transaction Norms for Co-op Banks
The Reserve Bank of India (RBI) has released two separate draft Directions on Transaction Accounts, one for Urban Co-operative Banks...
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AGM: Maharashtra State Co-op Bank surges ahead with Tech and Profit
The Maharashtra State Cooperative Bank (MSCB) marked a significant milestone with its 114th Annual General Meeting, held at Sahakar Hall...
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Mehsana UCB profits plunge 69%; New Chairman pledges growth
The Mehsana Urban Cooperative Bank (MUCB), one of Gujarat’s prominent cooperative lenders, reported a mixed performance for FY 2024-25. While...
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Big Leap: Cooperative Banks to join Aadhaar Payment Network
A major step toward strengthening the cooperative banking sector was taken on Friday as Dr. Ashish Kumar Bhutani, Secretary, Ministry...
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Gautam Thakur brings laurels to Co-op Banking sector; Joins RBI’s AGR
Gautam Thakur, Chairman of Saraswat Co-operative Bank Ltd., has brought laurels not only to his institution but also to the...
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NAMCO Bank Board seeks conversion to Small Finance Bank
Maharashtra’s leading multi-state scheduled bank, Nasik Merchants Co-operative Bank (popularly known as Namco Bank), is gearing up for a landmark...
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UCBs playing remarkable role in India’s growth story: Rajasthan CM
Rajasthan Chief Minister Bhajanlal Sharma inaugurated the 13th National Convention of Urban Cooperative Banks (UCBs) at Birla Auditorium, Jaipur, on...
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Saraswat Bank launches Next-Gen Internet & Mobile Banking App
Saraswat Bank has launched its cutting-edge Internet Banking and Mobile Banking application, GOMO NxT, aimed at enhancing digital banking services...
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CEA enforces new BR Act; Spotlight on Varachha Co-op Bank elections
Following a recent statement by Union Finance Minister Nirmala Sitharaman, the Cooperative Election Authority (CEA) has begun enforcing the amended...
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RBI directs Co-op Banks to file Internet and Mob Banking returns via CIMS
The Reserve Bank of India (RBI) has introduced a significant regulatory update requiring all cooperative banks- including Urban Cooperative Banks...
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