UCB: UO takes birth as Apex Coop Finance and Development Ltd
The much talked about umbrella organization for urban cooperative banks and credit societies finally took birth on Saturday, leading to ...
Tag: nafcub
RBI allows co-op banks to holdback dividends
In a major decision RBI has asked all banks including co-operative banks and UCBs to hold the payment of dividends ...
UCBs’ clients’ business affected; Nafcub demands concessions
Nafcub President Jyotindra Mehta has sought a slew of concessions from the RBI in the wake of slowdown of economy ...
Income Tax Co-op Bank donates Rs 1.50 lakh
Responding to the appeal of the apex body of Urban Cooperative Banks-Nafcub, Maharashtra based Income Tax Department Cooperative Bank has ...
Corona: Mehta jubilant at contributions made by co-op sector
The Cooperative sector has once again proved that it does not lag when a national emergency like the Covid 19 ...
Govt extends date of claiming deduction u/s 80G; Mehta thanks Shah
The Ministry of Finance issued a notification Tuesday evening extending the date for claiming deduction u/s 80G under IT Act ...
Mehta asks UCBs to contribute 2% of profits to PM Cares Fund
In a letter written to the Chairmen and Managing Directors of more than 1500 urban cooperative banks spread across the ...
Govt asks RBI to reconsider NPA norm; Nafcub upbeat
There are reports that the govt is inclined to consider the demand of banking sector that includes the urban cooperative ...
Overdues since Jan be not classified as NPA: Mehta
In a separate mail sent to Indian Cooperative Nafcub President Jyotindra Mehta writes that because of the possibility of the ...
NAFCUB demands change in NPA norm from 90 to 180 days
Nafcub President Jyotindra Mehta has demanded, among other things, change in applicable NPA norm from present 90 days to 180 ...
Have no power to initiate action in PMC on lines of YES Bank: RBI
Replying to NAFCUB President Jyotindra Mehta's charge without taking his name on the issue of discrimination (YES Bank Vs PMC), ...
Cooperators join hands with PM in fighting off Corona Virus
Soon after the co-operators of Uttar Pradesh and Bihar came forward supporting PM’s call of Janata Curfew, the top leadership ...
Mehta sees discrimination in RBI approach, compares Yes Bank with PMC
“Much against the wishes of NAFCUB, other representative bodies and the sector, RBI has issued circular, revising the exposure norms ...
NAFCUB steps in to save UCBs post Yes Bank fiasco
With the stoppage of clearing operations of Yes Bank, 109 of urban cooperative banks who had CTS arrangement with the ...
Cooperators celebrate Holi with gusto
There are reports of cooperators and co-operative organizations across the country celebrating the festival of colors- Holi with tremendous enthusiasm. ...
