Banks
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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PMC: Co-operators hail move; Some felt bigger UCBs missed a chance
While a majority of depositors are happy that a resolution of the PMC Bank crisis is in sight, there are...
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PMC Bank likely to be converted into SFB; Marathe thanks Guv & FM
In a major development for the depositors of PMC Bank, RBI has granted “in-principle” approval to Centrum Financial Services Limited...
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With robust growth, Saraswat Bank offers cheap Education Loan
Crossing a business turnover of Rs 67,000 crore in 2021, the leading urban cooperative bank of India-Saraswat Co-op Bank is...
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Muck abounds in Dehradun DCCB: Govt asks RoC to probe
Amidst complaints related to misappropriation of funds, Pradeep Joshi, Joint Secretary, Uttarakhand Government has asked the Registrar of Cooperative Societies...
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