Co-op News Snippets
TN: CM’s soft approach for non-farm loans
New Indian Express reports Tamil Nadu Chief Minister J Jayalalithaa launched a one-time settlement scheme for non-farm loans amounting to...
Read moreSalem Co-op Bank achieves loan-recovery of 98.5%
The 106-year-old Salem District Central Cooperative Bank (SDCCB) in Tamil Nadu has recorded an impressive deposit mobilization of Rs. 2,934.08...
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IFFCO MD bats for rationalization of subsidies
In an interview given to Indian Express IFFCO Managing Director U S Awasthi emphasized that the rationalization of subsidies to...
Read moreShri Sai Urban Co-op Bank under directions
The Reserve Bank of India has issued Directions to Shri Sai Urban Cooperative Bank, Mukhed based in Nanded( Maharashtra) for...
Read moreAction against fake co-ops likely in Nagpur
The Maharashtra state cooperative department will soon take stern action against fake cooperative societies existing in Nagpur district. The dept....
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Bhubaneswar UCB: Crime Branch to dig its history
The Crime Branch (CB), will probe into the financial irregularities in Bhubaneswar Urban Cooperative Bank (B-UCB), and examine the role...
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Banaskantha Mercantile Co-op Bank penalized
The Reserve Bank of India has imposed a monetary penalty Rupees five lakh on the Banaskantha Mercantile Co-operative Bank Ltd...
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Co-op Banks: Interest subvention to continue
The central govt. has approved the continuation of interest subvention to all banks including co-operative banks for providing short term...
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Telangana co-op dairies beat private players
The cooperative dairies in Telangana are forging alliances and slashing milk prices even while paying attractive prices to dairy farmers,...
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Sick fertilizer units have road-map ready for revival
The status of progress made in re-opening of the closed and sick fertilizer units were given by the Minister of...
Read moreOdisha: Liquidated UCB claims loan-amount
Dhenkanal Urban Cooperative Bank (DUCB) in Odisha has issued notices to around 500 loanees in the district for recovery of...
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Consumerfed shelves Onam plan
According to Hindu Kerala State Cooperative Consumers’ Federation Ltd. (Consumerfed) will shelve its market intervention plans for the Onam season...
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Nabard’s credit squeeze threatens co-ops in Punjab
Times of India reports a credit squeeze threatens to engulf the cooperative sector in Punjab as Nabard has imposed a...
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Railway: Co-ops eager to accept Prabhu’s offer
During a visit to Kolhapur a few months ago, railway minister Suresh Prabhu had also suggested that he would welcome...
Read moreMaha govt files FIRs against erring co-op banks
The state government has lodged complaints with the police and got FIRs registered against 16 branches of district cooperative banks...
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