RBI inserts reference to ‘Other DFIs’ in CRR–SLR Directions
The Reserve Bank of India (RBI) on Thursday issued amendment directions for Urban Co-operative Banks (UCBs) and Rural Co-operative Banks ...
Tag: amendment
Kerala hikes Deposit Guarantee for Co-op Members
The Kerala Government has amended the Kerala Co-operative Deposit Guarantee Scheme, 2018, enhancing protection for depositors of cooperative banks and ...
CEA pushes compliance in railway multi-state co-ops across India
The Cooperative Election Authority (CEA) on Monday, held a consultative meeting with representatives of multi-state cooperative societies of railway employees ...
RBI proposes tighter Forex and Gold Risk Norms for Co-operative Banks
The Reserve Bank of India (RBI) has released draft Amendment Directions proposing significant revisions to prudential norms on capital adequacy ...
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 ...
Fortifying multistate credit co-ops: Ministry notifies dos & don’ts
In a move to strengthen the financial stability and operational efficiency of Multi-State Thrift & Credit Societies, the Ministry of ...
Members can contest more than three consecutive times: HC
The Kerala High Court has declared as unconstitutional a section added to the Kerala Cooperative Societies Act that prohibits members ...
RoC has no power in co-op’s internal affair: Karnataka HC
The Karnataka High Court invalidated Section 128-A of the Karnataka Cooperative Societies Act, 1959, ruling it unconstitutional. This section empowered ...
Karnataka High Court curtails RoC power
The High Court of Karnataka has invalidated Section 128-A of the Karnataka Cooperative Societies (KCS) Act of 1959, a provision ...
MSCS Bill in monsoon session; fingers crossed
The list of bills proposed in the monsoon session also includes the Multi-State Cooperative Societies (Amendment) Bill but one does ...
Shah confirms MSCS Act amendment; leaders seek democratic control
In a written reply in Lok Sabha, Minister of Cooperation, Amit Shah said it is proposed to amend the Act ...
President gives assent to amended DICGC Act
The government has notified the General Insurance Business (Nationalisation) Amendment Bill and the Deposit Insurance and Credit Guarantee Corporation (DICGC) ...
SC agrees with Guj HC; strikes down part IXB dealing with co-op societies
It was a sad day for the cooperative movement of the country when the apex court of the land agreed ...
Formation of Expert Committee need of the hour: Mehta
Reacting to his induction as a member in the expert committee on UCBs, as announced by RBI on Monday, Nafcub ...
MP govt aims to nullify RBI restrictions; assures on continuity of DCCBs
Madhya Pradesh government is planning to present the Madhya Pradesh Cooperative Society (Amendment) ordinance 2021 in the upcoming Budget Session ...
