DICGC settles claims of Rs 8,516.6 crore; bulk from PMC
DICGC settled claims of Rs 8,516.6 crore in the last financial year and bulk of them were from customers of ...
Tag: DICGC
MAFCOCS: Koyate calls shots again; wins all seats with help of Sah Bharati
The panel ‘Sahakar Samridhi’ including candidates from Sahakar Bharati and the outgoing Chairman of MAFCOCS, Kaka Koyate won the board ...
DICGC settled claims of depositors of 35 co-op banks: Minister
Deposit Insurance and Credit Guarantee Corporation (DICGC) has settled deposit insurance claims of 3,06,146 eligible depositors of 35 cooperative banks ...
Concept of non-voting shareholders against spirit of co-ops: Chalasani
By C Raghavendra Rao, Chairman, VCB The proposed amendment to the MSCS Act, from the perspective of Urban Cooperative Banks, ...
RBI cancels license of Laxmi Co-op Bank; 99% depositors safe
On Thursday the Reserve Bank of India (RBI), vide order dated September 14, 2022, has cancelled the licence of “The ...
26 co-op banks liquidated; 42 amalgamated in five years: Karad
In the last five years, 26 cooperative banks have been closed due to Liquidation whereas 42 co-op banks have been ...
RBI puts Nashik Zilla Girna Sah Bank under Directions
RBI has put Nashik Zilla Girna Sahakari Bank under Directions through a order dated July 15, 2022. The order says ...
Sri Mallikarjuna Pattana Sah Bank Niyamita also under Direction
Another co-op bank put under direction by the RBI is Sri Mallikarjuna Pattana Sahakari Bank Niyamita, Maski. From the close ...
RBI imposes Directions on three co-op banks
RBI has imposed Directions on three banks , restricting them from a host of business activities. It has issued certain ...
DICGC settles claims worth Rs 3,457.4 crore
Indian Express quotes RBI saying cooperative banks contributed just shy of a 7 percent during the fiscal FY 22 to ...
Shri Anand Co-op Bank: RBI orders closure; 99% depositors to get money
Dated 1st of July, 2022 the Reserve Bank of India has cancelled the license of “Shri Anand Co-operative Bank Ltd., ...
Millath Co-op Bank asked to fold up; Depositors to get their money
The Reserve Bank of India has cancelled the license of “Millath Co-operative Bank Ltd., Davangere, Karnataka”. Consequently, the bank ceases ...
Bagalkot’s Mudhol Co-op Bank loses its license
The Reserve Bank of India has cancelled the license of “The Mudhol Co-operative Bank Limited, Dist.- Bagalkot, Karnataka” by an ...
Delay in DICGC settlement: Peeved PMC depositors write to RBI
The PMC Bank Account Holders Forum has written a letter to the Reserve Bank of India (RBI), Governor Shaktikanta Das, ...
RBI cancels license of Kanpur based People’s Co-op Bank
The Reserve Bank of India has cancelled the license of People’s Co-operative Bank Limited, Kanpur, Uttar Pradesh. Consequently, the bank ...
