Shivajirao Bhosale Sah Bank: Licence cancelled; 98% to get full refund
Reserve Bank of India has, through and order dated May 28, 2021 cancelled the licence of Shivajirao Bhosale Sahakari Bank ...
Tag: DICGC
Deposit insurance limit for institutional investors must be raised: Marathe
Considering the news that the amendment to the Deposit Insurance and Credit Guarantee Corporation (DICGC) Act, 1961 will be tabled ...
Amendment in DICGC Act on cards: Media Report
Live mint reports the government may bring in an amendment to the DICGC Act with a view to affording account ...
UCB fraternity welcomes RBI’s move on amalgamation
The RBI guidelines for the amalgamation of urban cooperative banks have mostly been welcomed by the urban cooperative banking fraternity. ...
Deccan Urban Co-op Bank put under restrictions
RBI has issued certain Directions to Vijayapur based Deccan Urban Co-operative Bank, Karnataka. The UCB has been restrained from carrying ...
Nashik based Independence Co-op Bank in trouble
RBI has issued certain Directions to Independence Co-operative Bank Limited, Nashik, whereby, as from the close of business on February ...
Nafcub President hails the Budget
Welcoming the Union Budget 2021 presented by Union Finance Minister Nirmala Sitharaman, Nafcub President Jyotindrabhai Mehta has particularly hailed the ...
CKP liquidator ready to help small depositors
Money Control reports the liquidator of Maharashtra’s now defunct CKP Co-operative Bank says depositors having less than Rs 5 lakh ...
Beating Covid: NAFCUB Prez asks UCBs to conserve Capital
Sahakar Bharati organized a Facebook live on "Relevance of UCB & Recent Developments" last week where its Patron and Nafcub ...
Only about 1000 depositors of CKP Bank to suffer: RBI
While RBI official tweeted that about 99.2% of CKP Bank depositors will get full payment of their deposits from DICGC, ...
CKP Bank: RBI official says 99.2% will get their deposits
Quoting a tweet of RBI’ General Manager Yogesh Dayal, PTI reports that almost all the depositors (99.2%) of CKP Co-Op ...
RBI cancels CKP Bank’s license; lakhs of depositors on roads
In an unwelcome development which is sure to push an already troubled UCB fraternity into gloom, the Reserve Bank of ...
Union Budget 2020: Jubilant co-operators call it game-changer
The co-op sector has reacted favorably to the Union Budget 2020 presented by the Finance Minister on Saturday, calling it ...
Sahakar Bharati team meets Nirmala, raises co-op concerns
Prior to the presentation of the union budget on 1st February, Sahakar Bharati leaders comprising of Satish Marathe, Ramesh Vaidya, ...
DICGC to give Rs 3,414cr to co-op banks & Rs 10,684cr to UCBs
The Deposit Insurance and Credit Guarantee Corporation will pay a total claim of about Rs 14,100 crore in case of ...
