Banks
AP Chapter threatens to quit Nafcub; charges it of not fighting RBI dictates
Andhra Pradesh Federation of UCBs and Credit Societies has threatened to quit the Nafcub fold, should its concern not be...
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Goa State Co-op Bank employees’ society gives 15% dividend
The Goa State Cooperative Bank's employees cooperative credit society organized its 52nd Annual General Meeting recently at the meeting hall,...
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RBI extends BoM deadline by 6 months; Marathe says “not enough”
The Reserve Bank of India has extended the timeline by six months for the constitution of the Board of Management...
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AP Mahesh Bank: RO to submit report in sealed envelope on Monday
In the first hearing held in the case related to the elections of AP Mahesh Urban Cooperative Bank, the Telangana...
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Model Co-op Bank’s Christmas gift; offers UPI Interface to mobile banking
On the eve of Christmas, Model Co-operative Bank introduced UPI - Unified Payments Interface to its mobile banking application. UPI...
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Mahesh Bank’s case lands in court; demand for Administrator grows
The murky politics at the AP Mahesh Bank witnessed during the elections and subsequent counting of votes, have finally landed...
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CM lauds Rajkot Nagarik Sahakari Bank for sterling performance
Gujarat based Rajkot Nagarik Sahakari Bank known as a “Large Bank of a Small Man” was one of the UCBs...
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Bharat Co-op Bank’s business falls by Rs 1000 cr; profit by Rs 39 cr
Mumbai based Multi-State Scheduled Bank-Bharat Cooperative Bank's total business has fallen by over Rs 1k crore and net profit by...
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Kaijs Bank holds 58th AGM virtually, registers growth despite Covid
The multi-state Scheduled -Kaijs Bank virtually organized its 58th Annual General Meeting, in which over 3200 members registered their participation....
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Corona: Apna Sah Bank continues uninterrupted business; earns profit
There are many urban cooperative banks in India that have failed to lend credit to the borrowers in the 2019-20...
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Kerala’s UCB fined Rs 50 lac, Raigad based UCB’s direction extended
The Reserve Bank of India has imposed, by an order dated December 11, 2020, a monetary penalty of Rs 50.00...
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AP Mahesh: Bung accused of making money in construction of Banjara Hills office
The leading UCB from Andhra Pradesh AP Mahesh Urban Cooperative Bank is going to elect a new Board this Sunday....
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Anaskar writes to RBI Guv; seeks distribution of dividends
Maharashtra Urban Cooperative Banks Federation (MUCBF) Chairman Vidyadhar Anaskar has asked Reserve Bank of India to review RBI’s circular disallowing...
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Big Relief: Sahara Credit Co-op asked to return money within 90 days
The court of Central Registrar has asked the Sahara Credit Cooperative Society to submit the detail of assets and liabilities...
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RBI fines three UCBs on the same day; 2 from W Bengal, 1 from Odisha
Though the news of RBI imposing fine on urban co-op banks is a regular feature, it's rather rare that on...
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