Nepal: Troubled Co-ops fail to return 90% of money
Seven years after forming a committee to resolve failing cooperatives in Nepal, over 90% of depositors’ money remains unpaid, local ...
Tag: depositors
Abhyudaya Co-op Bank reports Turnaround; earns handsome profits
In a significant step towards financial revival, Maharashtra’s prominent multi-state scheduled urban cooperative bank-Abhyudaya Co-operative Bank has reported a noteworthy ...
Adarsh Co-op Bank becomes Mount Nagarik Sahakari Bank
Rajasthan based Adarsh Co-operative Bank has officially changed its name to Mount Nagarik Sahakari Bank Ltd, following approvals granted by ...
Janshakti Multi-State Multi-Purpose Co-op: CRCS orders closure
In a decisive move to protect the interests of depositors and uphold cooperative norms, the Central Registrar of Cooperative Societies ...
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 ...
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 ...
