Banks
WB’s FSA Report lauds RBI oversight, flags undercapitalized Co-op Banks
The World Bank has released its India Financial Sector Assessment (FSA) Report, following the joint Financial Sector Assessment Program (FSAP)...
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India’s own Umbrella NUCFDC to lead UCBs into next century: Mehta
Jyotindra Mehta, Chairman of the National Urban Cooperative Finance and Development Corporation (NUCFDC), said that the Umbrella Organization (UO) remains...
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Shah to inaugurate NAFCUB’s ‘Co-op Kumbh 2025’ at Vigyan Bhawan on Nov 10
The National Federation of Urban Co-operative Banks and Credit Societies (NAFCUB) announced the forthcoming International Conference on the Urban Cooperative...
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Director Tenure: Suco Bank sparks debate over State vs Centre control of Co-ops
In a significant development, Karnataka-based SUCO Souharda Sahakari Bank Chairman Mohit Maski has written a letter to the Secretary, Department...
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Amit Shah invited as Chief Guest for COOPKUMBH 2025: NAFCUB
The National Federation of Urban Cooperative Banks and Credit Societies (NAFCUB) has extended a formal invitation to Union Home and...
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No New UCB proposals to be Considered, Says RBI draft
In a significant move for India’s cooperative banking sector, the Reserve Bank of India (RBI) released the draft ‘Urban Co-operative...
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TJSB Bank first in India to enable UPI-based Interoperable Cash Deposits
TJSB Sahakari Bank has scripted history by becoming the first bank in India to go live as a UPI-ICD (Interoperable...
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Banks hit by clearing delays; GUCBF seeks RBI’s intervention
The Gujarat Urban Cooperative Banks Federation (GUCBF) has raised alarm over serious disruptions caused by the Reserve Bank of India’s...
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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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