RBI fines four Urban Cooperative Banks for regulatory violations
The Reserve Bank of India (RBI) has imposed monetary penalties on four cooperative banks—Pusad Urban Cooperative Bank, Siddheshwar Urban Cooperative ...
Tag: deposits
Gujarat’s Prime Co-op Bank posts record-breaking performance
Gujarat based Prime Co-operative Bank has posted a record-breaking performance for the financial year 2024–25, achieving its highest-ever business volume ...
Co-op Ombudsman orders Wishvaas Co-op to refund Depositors in 15 Days
In a significant move to uphold depositor rights, the Cooperative Ombudsman has directed Mohali-based Wishvaas Credit Cooperative Society to refund ...
Kaka Koyte meets MoS Finance in Delhi, seeks tax relief for Credit Co-ops
A delegation led by Rajya Sabha MP Dhananjay Mahadik and Maharashtra State Cooperative Credit Union Federation President Omprakash Dadappa and ...
Sharad Sah Bank achieves turnover of Rs 3,124 crores
Pune-based Sharad Sahakari Bank Ltd, Manchar, has demonstrated remarkable financial growth, achieving a total business turnover of Rs 3,124.28 crore ...
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 ...
Credit Cooperatives eligible for 80P deductions: ITAT
In a landmark ruling, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) upheld that cooperative credit societies are ...
Koyate led Samata Nagari Sah Patsanstha achieves historic milestone
Maharashtra’s Kopargaon-based Samata Nagari Sahakari Patsanstha, led by renowned cooperator Omprakash Dadappa alias "Kaka" Koyate, has achieved a historic milestone ...
Struggling National Co-op Bank merges with resilient Cosmos Bank
The Reserve Bank of India (RBI) has approved the amalgamation of Karnataka’s National Co-operative Bank with Maharashtra’s Cosmos Co-operative Bank ...
Mamata orders probe into fake Co-op Bank accounts
West Bengal Chief Minister Mamata Banerjee, during an administrative review meeting on Thursday, directed officials to investigate fake accounts in ...
UCBs strides in governance & risk management commendable: Report
In its "Trend and Progress of Banking in India 2023-24" report, the Reserve Bank of India (RBI) presented a mixed ...
UCBs need more operational freedom to thrive: Jampeta CUB Chairman
Andhra Pradesh based Jampeta Cooperative Urban Bank is aiming to achieve a business mix exceeding Rs 1,000 crore by 2026, ...
New India Co-op Bank cuts losses; hopeful of turnaround
Mumbai based New India Cooperative Bank is able to reduce the accumulated losses in the 2023-24 FY. It has been ...
Despite drop in deposits, Kerala StCB profits surge tenfold
The Kerala State Cooperative Bank has showcased robust performance across various financial parameters for the fiscal year 2023-24, except in ...
Two UCBs lose licenses, including Banaras Mercantile Co-op Bank
The Reserve Bank of India (RBI) has cancelled the licenses of two urban cooperative banks, "Banaras Merchantile Co-operative Bank Limited" ...
