MSCB appointed institutional Advisor for ailing Nashik DCCB
In a significant step aimed at reviving the financially ailing Nashik District Central Cooperative Bank (NDCCB), the Maharashtra State Cooperative ...
Tag: depositors
Nepal to refund small depositors of troubled cooperatives
The government has announced a plan to refund depositors affected by crisis-hit cooperatives by setting up a fund under the ...
RBI cancels banking licence of Colour Merchants Co-op Bank
The Reserve Bank of India has cancelled the banking licence of Colour Merchants Co-operative Bank Ltd., Ahmedabad, Gujarat. As a ...
Sahara Co-ops: Rs 2,314.20 crores disbursed to 12,97,111 depositors
As of February 28, 2025, a total of Rs. 2,314.20 crore has been disbursed to 12,97,111 depositors of the Sahara ...
New India Cooperative Bank in trouble; RBI restricts its operations
In a significant development, the Reserve Bank of India (RBI) has issued directions under Section 35A, read with Section 56 ...
Mutual Funds & SIPs affecting UCBs’ deposit schemes: Paithankar
Pune’s Bhagini Nivedita Sahakari Bank Chairperson Rewati Paithankar raised several important concerns regarding the challenges faced particularly in the context ...
West Bengal PACS in news for wrong doing
The Calcutta High Court has directed the West Bengal government to file a report on the number of FIRs lodged ...
RBI cancels license of Vaishali Saha Vikas Co-op Bank; penalizes four
The Reserve Bank of India imposed monetary penalties on four cooperative banks for various grounds and cancelled the license of ...
RBI cancels License of 95 year old Durga Co-op Urban Bank
The Reserve Bank of India has cancelled the license of Andhra Pradesh-based Durga Cooperative Urban Bank, which has been operating ...
Pay-out from Sahara Co-ops gains momentum; Limit raised to Rs 50k
In an informal media interaction, officials from the Co-op Ministry revealed that the process of paying out to victims of ...
40 co-ops cheat Rs 87 bn from depositors in Nepal
The Nepal government has finalized a report confirming that 40 cooperatives embezzled Rs 87 billion from depositors. A parliamentary committee ...
Dnyanradha Multistate Co-op in news
The Pimpri Chinchwad police arrested a father-son duo, Yashwant Kulkarni (55) and Vaibhav Kulkarni (24), for their alleged involvement in ...
Nepalese government prioritises co-op fraud issue amid protests
Nepal’s home minister, Ramesh Lekhak, has said the country’s national government is prioritising action on the misappropriation of co-operative savings funds. ...
Nepal’s Laliguras Multi-Purpose Co-op in news
Four officials of Laliguras Multi-Purpose Cooperative, including Chairman Amar Das Shrestha, were arrested in Kathmandu for allegedly embezzling Rs 6.30 ...
Embezzlement crisis in Nepal’s co-ops sparks protests in streets
By Anca Voinea Members of Nepalese co-ops reached an agreement with the country’s government on 21 March, after weeks of ...
