Banks
Co-op’s humane face: Repco Bank subsidiary waives off loan of martyr
Tamil Nadu based Repatriates Cooperative Finance and Development Bank Ltd (REPCO BANK) subsidiary Repco Home Finance (RHFL) has waived off...
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After FM’s assurance on co-op autonomy, fear is gone: Anaskar
Reacting to the passage of the Banking Regulation (Amendment) Bill, 2020 from both the Houses of Parliament, Maharashtra Urban Cooperative...
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RBI unveils Technology Vision; Mehta talks of Umbrella for UCBs
The Reserve Bank of India has placed on its website the “’Technology Vision for Cyber Security’ for Urban Co-operative Banks...
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Mehta says test of Act to be seen in quick PMC resolution
Nafucb President Jyotindra Mehta who doubles as the Patron of Sahakar Bharati has reacted to the passage of the Banking...
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House passes Amendment Bill; Marathe says its beginning of new era
The Banking Regulation (Amendment) Bill, 2020 which was introduced in the Lok Sabha last week on Monday by Finance minister...
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Rules for banking companies can’t be applied to co-op banking: NAFCUB
In a statement the apex body of UCBs and credit societies NAFCUB has batted for the co-op character of co-op...
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Bhiwani Central Co-op Bank holds AGM; registers growth
Amidst the Covid-19 crisis, Haryana based Bhiwani Central Cooperative Bank has organized its 35th Annual General Meeting recently in which...
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Banking Regulation (Amendment) Bill does not curtail RoCs’ power: FM
Lok Sabha on Wednesday passed the Banking Regulation (Amendment) Bill, 2020, which proposes to amend the Banking Regulation Act, 1949....
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Banking Regulation: Union seeks 3 weeks, Madras HC grants 2 weeks
The Union Govt sought further three weeks’ time from the Madras High Court to file a counter affidavit in the...
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FM introduces Banking Regulation (Amendment) Bill in LS
The Banking Regulation (Amendment) Bill, 2020 was introduced in the Lok Sabha on Monday by Finance minister Nirmala Sitharaman. The...
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Rupee Bank Direction extended; RBI maintains silence on merger
The prospect of resolution of the issue of the Rupee Co-operative Bank continues to be elusive with the Reserve Bank...
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Govt allows virtual AGMs of Multi State Co-op Banks, not societies
Issuing a Circular Tuesday evening, the office of Central Registrar has allowed Annual General Meetings (AGM) in Multi-State Cooperative Banks...
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With Ordinance in place, restrictions on UCBs must go: Nafcub
NAFCUB President Jyotindra Mehta has demanded that with the promulgation of Ordinance giving absolute right to RBI to supervise urban...
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Asking UCBs to follow SBI rate on deposits not fair: Anaskar
Maharashtra urban co-op banks are objecting to the RBI diktat in which it has prohibited UCBs from offering interest rates...
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NAFCUB bid to douse controversies; EC demands protection of Co-op Character
Responding to the public outcry over the Banking Ordinance, the Executive Committee of NAFCUB issued a statement demanding protection of...
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