Bombay HC refuses Interim Relief on Directors’ Tenure; backs RBI move
The Bombay High Court, Circuit Bench at Kolhapur, has refused to grant interim relief to cooperative banks and their directors ...
Tag: Banking Regulation Act
Centre notifies New Rules on removal of ineligible Directors in Co-op Banks
The Ministry of Finance has notified major amendments to the Banking Regulation (Co-operative Societies) Rules, 1966, introducing a clear procedure ...
RBI extends restrictions on Sikar Urban Co-op Bank
The Reserve Bank of India (RBI) has extended the operational Directions imposed on Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan, ...
RBI extends restrictions on Amanath Co-op Bank
The Reserve Bank of India (RBI) has further extended the operational restrictions imposed on The Amanath Co-operative Bank Ltd., Bengaluru, ...
Allegations fly, Panels clash; Mahesh Bank gears up for stormy elections
The election campaign for the AP Mahesh Urban Cooperative Bank has gained significant momentum as polling is scheduled for December ...
Big Relief for Co-op Banks: RBI removes Penalty-based restrictions on Branch Authorization
The Reserve Bank of India (RBI) has announced a significant regulatory reform for the cooperative banking sector by introducing the ...
Directors’ Tenure Rule: Kolhapur UCBs challenge retrospective application
Twenty-six Urban Cooperative Banks (UCBs) from Kolhapur district, along with an association, have approached the Bombay High Court’s Kolhapur Bench ...
RBI withdraws directions from National Mercantile Co-op Bank
In a major development, the Reserve Bank of India (RBI) has withdrawn all Directions earlier imposed on National Mercantile Co-operative ...
RBI fines Mettupalayam Co-op Urban Bank for Regulatory Violations
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1.50 lakh on The Mettupalayam Co-operative Urban Bank Limited, ...
RBI extends Supersession of Abhyudaya Co-op Bank Board for one more Year
The Reserve Bank of India (RBI) has extended the period of supersession of the Board of Directors of Abhyudaya Cooperative ...
RBI Imposes Rs 5 Lakh Penalty on Rampur Jila Sah Bank
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 5 lakh on Rampur Jilla Sahkari Bank, Uttar Pradesh, ...
RBI extends directions to Suri Friends’ Union Co-op Bank
The Reserve Bank of India (RBI) has extended the period of operation of Directions issued to the Suri Friends’ Union ...
RBI withdraws Pune Sah Bank Directions, boost for UCB Sector
In a positive development for the urban cooperative banking sector, the Reserve Bank of India (RBI) has withdrawn all operational ...
RBI imposes penalties on three DCCBs and two UCBs
The Reserve Bank of India (RBI) has levied monetary penalties on three district cooperative banks and two urban cooperative banks ...
Reform to Confusion: 10-year rule shakes Co-op Banking Sector
By Vidyadhar Anaskar The Central Government’s recent amendment to the Banking Regulation Act, fixing the maximum tenure of directors in ...
