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 ...
Tag: depositors
Co-op Schemes reach Farmers, Women and Depositors nationwide
Government initiatives under the cooperative sector are benefiting a wide spectrum of stakeholders, from farmers and women to primary societies ...
56 MSCS Liquidated in Five Years for irregularities: Shah tells Lok Sabha
As many as 56 Multi-State Cooperative Societies (MSCSs) have been brought under liquidation during the last five years following financial ...
Manjalloor Rural Co-op Bank in Kerala in news
Hundreds of depositors, including widows, farmers and pensioners, remain unable to access their savings after large-scale malpractice surfaced at the ...
Co-op Banks lead Deposit Insurance coverage; Ratio slips
In the rbi’s report, Deposit insurance continues to be a critical pillar of India’s financial safety net, particularly for co-operative ...
RBI’s Direction on Loknete R.D. (Appa) Kshirsagar Sah Bank
The Reserve Bank of India (RBI) has imposed regulatory restrictions on Loknete R.D. (Appa) Kshirsagar Sahakari Bank , Niphad, Nashik ...
DICGC to pay Nashik Jilha Mahila Vikas Bank Depositors
The Deposit Insurance and Credit Guarantee Corporation (DICGC) has announced that it will make deposit insurance payments to eligible depositors ...
Agri Tourism Co-op accused of not refunding money
The Office of the Cooperative Ombudsman, Ministry of Cooperation, has issued a stringent order against the Agri Tourism Multistate Cooperative ...
Nepal PM vows tough action in Co-op Scam
Nepal Prime Minister Sushila Karki on Thursday met Minister for Land Management, Cooperatives and Poverty Alleviation Anil Sinha, senior officials ...
RBI cancels Jijamata Bank Licence, Supersedes Irinjalakuda Co-op Board
The Reserve Bank of India (RBI) has taken decisive measures against two urban co-operative banks amid concerns over their financial ...
DICGC Act: Depositors move Bombay High Court
A group representing depositors of failed co-operative banks across India has filed a Public Interest Litigation (PIL) before the Bombay ...
RBI acknowledges FSWM status of Junagadh Comm Co-op Bank
In a significant development for the cooperative banking sector, the Reserve Bank of India (RBI) has taken on record the ...
Seva Vikas Bank: Court orders return of Rs 45.26 cr
A special PMLA court in Mumbai has directed the restitution of immovable properties worth Rs 45.26 crore belonging to the ...
Scheduled Status boosts confidence in Co-op Banks: MoS
Union Minister of State for Finance Pankaj Chaudhary in a written reply in Rajya Sabha informed that scheduled status for ...
Fraudulent Multi-State Co-ops not to be spared: Shah informs Parliament
Union Home and Cooperation Minister Amit Shah has assured depositors that the government is taking firm measures against fraudulent multi-state ...
