Banks
Patil launches Portal for international event “Coop Kumbh 2025”
In a significant step toward uniting the cooperative credit sector on a global platform, Nafcub Chairman Emeritus Dr. H.K. Patil...
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Urban & Rural Co-op Banks report Profits, NPAs persist: MoS Finance
Union Minister of State for Finance Pankaj Chaudhary informed the Rajya Sabha about the current financial condition of cooperative banks,...
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Parliament passes Banking Bill; Directors’ tenure now 10 years
Parliament on Wednesday passed the Banking Laws (Amendment) Bill, 2024, with the Rajya Sabha approving it by voice vote. The...
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Co-op Banks: RBI retains Food Credit allocation after Ministry’s intervention
In a significant development, after extensive deliberations, the Reserve Bank of India (RBI) has decided to maintain the food credit...
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Kaijs Bank integrates Jawahar Sah Bank, expands to 52 branches
Maharashtra’s leading Kallappanna Awade Ichalkaranji Janata Sahakari (Kaijs) Bank officially integrated the operations of Jawahar Sahakari Bank Ltd., Hupri, on...
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Kotecha meets Nabard Chairman on NABCONS Report; Seeks support
NAFCARD Chairman Dollar Kotecha met NABARD Chairman Shaji KV at NABARD’s Mumbai headquarters last week to discuss concerns over the...
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Historic: MSCB gets RBI nod to issue Rs 500cr Bonds for the first time
In a historic development, the Reserve Bank of India (RBI) has granted the Maharashtra State Cooperative Bank (MSCB) permission to...
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Big Leap: RBI doubles small-value loan limit for Urban Cooperative Banks
In a significant move aimed at providing much-needed relief to Urban Cooperative Banks (UCBs), the Reserve Bank of India (RBI)...
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Don’t Paint all UCBs with the same brush; media learns the hard way
The fact that the mainstream media is unaware of the workings of the cooperative sector is well known. However, attempts...
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Shah to grace Janata Sahakari Bank’s Diamond Jubilee Finale in Pune
Union Home and Cooperation Minister Amit Shah will be the chief guest at the grand concluding ceremony of the Diamond...
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NICB: Leaders point at weak governance, lack of internal controls & regulatory lapses
The failure of New India Cooperative Bank has once again highlighted deep-rooted issues in the cooperative banking sector, including weak...
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New India Cooperative Bank in trouble; RBI restricts its operations
In a significant development, the Reserve Bank of India (RBI) has issued directions under Section 35A, read with Section 56...
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Swami Vivekananda’s Legacy honoured at Cosmos Bank’s Event
On the occasion of the 162nd Birth Anniversary of Swami Vivekananda, Cosmos Co-operative Bank, in collaboration with MES Senior College,...
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RBI allows Citizen Co-op Bank’s merger with TJSB Sahakari Bank
In a significant move, the Reserve Bank of India (RBI) has sanctioned the scheme of amalgamation of the Citizen Cooperative...
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Cuddalore & Villupuram DCCB’s Employees Co-op Bank loses license
The Reserve Bank of India (RBI) has cancelled the banking licence of Tamil Nadu-based Cuddalore and Villupuram District Central Co-operative...
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