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 ...
Tag: depositors
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 ...
DICGC to compensate depositors of three Co-op Banks upto Rs 5 lakh
Following the Reserve Bank of India's imposition of restrictions on three cooperative banks, Irinjalakuda Town Cooperative Bank (Kerala), Lokapavani Mahila ...
Visakhapatnam’s Sneha Max Society in news
In a major financial fraud case, Visakhapatnam police have arrested six people linked to a Rs 100 crore scam involving ...
Big Relief: Gujarat’s Shree Sarneshwar Credit Co-op asked to refund
In a significant development, the Cooperative Ombudsman Alok Agarwal has issued a strong order against Gujarat based Shree Sarneshwar Credit ...
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 ...
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 ...
