Banks
Mehta rejects report on Niti Aayog working to reduce UCB numbers
Reacting to the news in a section of the media that the Center is mulling roping in Niti Aayog for...
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Separate ministry will give wings to co-op movement: Mehta
In a statement issued for the press Jyotindrabhai Mehta national chairman and patron of Sahakar Bharti has hailed the creation...
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Deposit of Udham Singh Nagar DCCB crosses Rs 1000 crore
Despite adverse market conditions, Uttarakhand based Udham Singh Nagar District Central Cooperative Bank has registered growth on all the financial...
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RBI issues Draft Circular on fund raising for UCBs
In the wake of the Banking Regulation (Amendment) Act, 2020 allowing UCBs to raise capital from the market, RBI has...
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Muzaffarnagar DCCB selects 10 PACS for conversion as multipurpose co-ops
Uttar Pradesh based Muzaffarnagar District Cooperative Bank, which has performed well despite Corona, intends to develop a few short-listed PACS...
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Strong man of Indian politics, Shah takes over as first Co-op Minister
The strong man of Indian politics Amit Shah, who is known for cracking the whip with a heavy hand in...
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UCB leaders Marathe, Mehta, Anaskar & Rao welcome the move
Like the cooperators of other sectors, the fraternity of urban cooperative banks has also welcomed the move of creating a...
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RBI penalizes 7 UCBs within a week; Mahesh Bank pays the highest fine
In a flat one week of time, RBI has imposed penalties on more than seven urban cooperative banks for different reasons...
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RBI issues circular on outsourcing; cautions against risks
RBI has asked the CEOs of UCBs to conduct a self-assessment of their existing outsourcing arrangements and bring the same...
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UCBs hail RBI notification; says no impact on elected Directors
The leaders of urban cooperative banks have hailed the decision of RBI to have a professional MD for the co-op...
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UCBs: RBI notifies MD’s appointment norms with immediate effect
In a notification issued to all the UCBs, RBI has asked these banks having deposit size of more than Rs...
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Anaskar led MSCB breaks past records; earns highest ever profit
Vidyadhar Anaskar led Maharashtra State Cooperative (MSC) Bank has earned a net profit of Rs 369 crore in the 2020-2021...
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UCBs under Directions are exempted from BoM; RBI clarifies in a query
Urban Cooperative Banks on which the Reserve Bank of India has imposed all-inclusive directions (AID) are exempted from constituting the...
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UP State Co-op Bank gets RBI nod for internet banking
Lucknow headquartered Uttar Pradesh State Cooperative Bank finally succeeded last Monday in getting RBI’s nod for starting Internet Banking facility....
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RBI penalizes 2 UCBs last weak-Bijnor UCB & National UCB
The Reserve Bank of India has imposed a monetary penalty of Rs 6.00 lakh on the Bijnor Urban Co-operative Bank...
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