COBI moves closure to securing license; included in Second Schedule
In a landmark decision for India’s cooperative movement, the Central Government has officially notified the inclusion of the Cooperative Bank ...
Tag: COOPERATIVE BANKS
RBI issues Revised Guidelines on unclaimed amount
The Reserve Bank of India has issued revised guidelines for the Depositor Education and Awareness (DEA) Fund Scheme, 2014, set ...
UP govt to upgrade 51 Co-op Banks’ Cybersecurity
The Yogi Adityanath-led Uttar Pradesh government is set to modernize 51 cooperative banks, including the Uttar Pradesh Cooperative Bank Ltd ...
UP: NABARD workshop for auditors of co-op banks
The Uttar Pradesh Regional Office of NABARD organized a workshop on Tuesday, for statutory auditors of cooperative banks. The event ...
RBI cracks down on nine UCBs, a total fine of Rs 25 lakhs imposed
Thursday proved to be unfavourable for urban cooperative banks as the Reserve Bank of India (RBI) imposed a monetary penalty ...
Parliament passes Banking Bill; Directors’ tenure now 10 years
Parliament on Wednesday passed the Banking Laws (Amendment) Bill, 2024, with the Rajya Sabha approving it by voice vote. The ...
RBI revises PSL Guidelines to drive Economic Growth & Sustainability
The Reserve Bank of India (RBI) has issued revised guidelines on Priority Sector Lending (PSL) after conducting a comprehensive review ...
NCDC provided Rs 6,098cr to co-op banks in 24-25
In a written reply in the Rajya Sabha, Union Home and Cooperation Minister Amit Shah highlighted the financial assistance provided ...
Co-op Banks: RBI retains Food Credit allocation after Ministry’s intervention
In a significant development, after extensive deliberations, the Reserve Bank of India (RBI) has decided to maintain the food credit ...
Grant from Co-op Education Fund to maintain Database
Union Home and Cooperation Minister Amit Shah informed the Lok Sabha that provisions of approximately Rs 8 crore have been ...
IYC 2025: Maharashtra forms High-Level Panel, CM to lead
In alignment with the United Nations' declaration of 2025 as the International Year of Cooperatives, the Maharashtra government has formed ...
Sarang reviews co-op development with stakeholders at DM office
The cooperative sector will play a crucial role in achieving the vision of a developed India, stated Madhya Pradesh’s Minister ...
Don’t Paint all UCBs with the same brush; media learns the hard way
The fact that the mainstream media is unaware of the workings of the cooperative sector is well known. However, attempts ...
Besides New India Co-op Bank, RBI fines five more UCBs
Besides placing restrictions on New India Co-op Bank, the Reserve Bank of India (RBI) has imposed monetary penalties on five ...
DICGC protects 97.8% of deposit accounts: Dy Guv
As on March 31, 2024 interim payments were made to 376,661 depositors amounting to Rs 5359 Crores. The DICGC’s coverage ...
