Directors’ Tenure: NAFSCOB seeks data from StCBs, DCCBs
The National Federation of State Cooperative Banks Ltd. (NAFSCOB) has issued a “most urgent” communication to all State Cooperative Banks ...
Tag: Banking Regulation Act
RBI extends curbs on Sonpeth Nagari Sahakari Bank
The Reserve Bank of India has extended regulatory restrictions on Sonpeth Nagari Sahakari Bank Maryadit, Maharashtra, for a further period ...
RBI amends norms for UCBs on Stressed Assets
The Reserve Bank of India has issued an amendment to its Directions on Resolution of Stressed Assets for Urban Cooperative ...
RBI extends restrictions on Lokapavani Mahila Sah Bank
The Reserve Bank of India has extended regulatory restrictions on Lokapavani Mahila Sahakari Bank Niyamitha, Mandya, for another six months. ...
RBI clears merger of Mattancherry Mahajanik UCB
In a significant move for Kerala’s cooperative banking sector, the Reserve Bank of India has approved the voluntary amalgamation of ...
Co-op Autonomy: AP Federation moves HC over Banking Amendments
In a significant development for India’s cooperative banking sector, the Andhra Pradesh State Cooperative Urban Banks & Credit Societies Federation ...
RBI fines Rs 7.5 Lakh on Himachal State Co-op Bank
The Reserve Bank of India has imposed a monetary penalty of Rs 7.5 lakh on The Himachal Pradesh State Co-operative Bank Ltd. ...
RBI extends Regulatory Curbs on three Co-op Banks
The Reserve Bank of India (RBI) has extended the period of regulatory restrictions imposed on three cooperative banks, Samarth Sahakari ...
RBI extends restrictions on two Co-operative Banks
The Reserve Bank of India has extended regulatory restrictions on two urban co-operative banks, The Bhavani Sahakari Bank Ltd. and ...
Dharashiv DCC Bank: Action initiated over Director Eligibility
The Government has initiated action under the Banking Regulation Act, 1949 regarding the eligibility of directors at the Maharashtra-based Dharashiv ...
Panel stresses Banking Regulation Tenure Norm
A Parliamentary Standing Committee chaired by Charanjit Singh Channi has called for stronger safeguards to ensure transparency in elections of ...
Tenure Tsunami! Akola-Washim DCCB Poll to test Tenure Norm
In what could emerge as a significant governance moment for Maharashtra’s rural cooperative banking sector, the ongoing board elections of ...
J&K SCARD Bank under Liquidation: Minister
Replying to legislators including Dr Rajeev Kumar Bhagat and Vikram Randhawa, Cooperative Minister Javid Ahmad Dar informed the House that ...
RBI cancels Licence of Indian Mercantile Co-op Bank, Lucknow
In a major regulatory action, the Reserve Bank of India (RBI) has cancelled the licence of Indian Mercantile Co-operative Bank ...
Hefty fine on Bharat Co-op for Deposit Rule Violation
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 15 lakh on Bharat Co-operative Bank (Mumbai) ...
