RBI issues Guidelines for closure & shifting of DCCB’s branches
RBI has issued Clarification regarding Shifting of Branches, Offices, Extension Counters within the same city, town or village by District ...
Tag: Banking Regulation Act
Hesitation in contributing to UO means, one is not a co-operator: Shah
In an event held to give thanks to Union Cooperation Minister Amit Shah for resolution of the issues of the ...
One more wicket down! Lucknow Urban Co-op Bank loses license
The Reserve Bank of India has cancelled the license of Lucknow Urban Cooperative Bank on Friday. As per the data ...
RBI penalizes four UCBs for norm violations; fines Rs 12.5 lakhs
The Reserve Bank of India imposed a penalty on four urban cooperative banks on Monday. These banks are National Co-operative ...
Sabarkantha DCCB: Hansaben elected Chairman unopposed
The change of the guard at Gujarat based Sabarkantha District Cooperative Bank has meant Ms. Hansaben Patel is elected unopposed ...
Big relief: SC rules “co-op credit societies exempted from Income Tax”
In a major relief to cooperative credit societies of the country, the Honorable Supreme Court ruled that Cooperative Credit Societies, under Section ...
Vaidyanath Urban Co-op Bank, Beed penalized
The Reserve Bank of India has imposed a monetary penalty of Rs 1.50 lakh on The Vaidyanath Urban Co-operative Bank ...
Banking Reg (Amend) 2020 not helping: Maratha Sahakari Bank depositors
Mumbai based Maratha Sahakari Bank Depositors’ Association has charged that the Banking Amendments Act 2020 is not getting implemented and ...
RBI cancels license of Seva Vikas Co-op Bank; 99% depositors safe
Through a letter dated October 10, 2022 the Reserve Bank of India has cancelled the licence of “The Seva Vikas ...
RBI penalizes Noida Commercial Co-op Bank
The Reserve Bank of India has imposed, by an order dated May 04, 2022, a monetary penalty of Rs 1.00 ...
Amendment to protect public interest: RBI in SC
The apex court did not grant any immediate relief to RBI on Monday when it sought clubbing of cases challenging ...
Co-op societies can’t use bank in its name: RBI
Co-operative societies cannot use the words “bank", "banker" or "banking" as part of their names, except as permitted under the ...
Co-op banks across states penalized; Porbandar Co-op Bank being latest
Last week a considerable number of cooperative banks and urban co-operative banks were penalized by the Reserve Bank of India ...
RBI cancels licence of Goa based Madgaum Urban Co-op Bank
In an order dated July 27th, 2021 the Reserve Bank of India has cancelled the licence of The Madgaum Urban ...
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 ...
