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 ...
Tag: Banking Regulation Act
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In a positive development for the urban cooperative banking sector, the Reserve Bank of India (RBI) has withdrawn all operational ...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to safeguard the interests of depositors and ensure financial stability, the Maharashtra Cooperative Department has superseded ...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 ...
Leaders urge Shah to repurpose Apex Urban Co-op Bank’s assets
Senior leaders from the Cooperative Sector have urged Union Home and Cooperation Minister Amit Shah to initiate steps to repurpose ...
Co-op Banks to align with New Financial Reporting norms: RBI Draft
The Reserve Bank of India (RBI) has released draft formats for the revised financial statements of co-operative banks, aiming to ...
RBI penalizes three co-op banks; Bhind DCCB in list
The Reserve Bank of India imposed monetary penalties on three cooperative banks for breaching various norms and regulations. These banks ...
Govt introduces Banking Laws (Amendment) Bill; allows 10yrs tenure
The government has introduced the Banking Laws (Amendment) Bill, 2024, addressing several long-standing issues within the Urban Cooperative Banks (UCB) ...
RBI penalizes five urban co-op banks; highest penalty on UCB, Mainpuri
The Reserve Bank of India has imposed monetary penalties on five cooperative banks, including Nagnath Urban Cooperative Bank, Urban Cooperative ...
RBI fines Thoothukudi District Central Co-op Bank
The Reserve Bank of India imposed a monetary penalty of Rs 50,000 on Thoothukudi District Central Co-operative Bank Ltd., Thoothukudi, ...
