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 ...
Tag: Banking Regulation Act
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In a major development, the Reserve Bank of India (RBI) has withdrawn all Directions earlier imposed on National Mercantile Co-operative ...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In a positive development for the urban cooperative banking sector, the Reserve Bank of India (RBI) has withdrawn all operational ...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 ...
RBI fines five co-op banks of Karnataka, Gujarat and TN
The Reserve Bank of India (RBI) has imposed monetary penalties on five cooperative banks in Karnataka, Gujarat, and Tamil Nadu ...
CEA to enforce Directors’ tenure, applicable since August 1, 2025: FM
Union Finance Minister Nirmala Sitharaman said the Cooperative Election Authority will oversee the implementation of the amended provision of Section ...
Shah lists co-op banking initiatives; Directors’ term capped at 10 years
While highlighting the government's initiatives to revamp and strengthen cooperative banks, Union Home and Cooperation Minister Amit Shah, in a ...
Yashwant Co-op Bank in trouble; Govt appoints Administrator
In a decisive move to safeguard the interests of depositors and ensure financial stability, the Maharashtra Cooperative Department has superseded ...
Ajantha Urban Co-op Bank loses Licence over Norm Breach, Fund Shortfall
The Reserve Bank of India (RBI) has cancelled the banking licence of Ajantha Urban Co-operative Bank Maryadit, Aurangabad. The decision ...
