No Tax Relief for Co-ops; Banks free to set PACS Loan rates
The Government has ruled out any proposal to extend tax benefits to cooperative societies on interest earned from deposits with ...
Tag: Pankaj Chaudhary
87 UCBs face RBI action Since 2021; Rs 18,931 Cr Paid to Depositors
The Reserve Bank of India (RBI) has placed 87 Urban Cooperative Banks (UCBs) under All Inclusive Directions (AID) since 2021, ...
UCB NPAs fall to Rs 21,769 Crore; State Co-op Bank NPAs rise: MoS
The gross non-performing assets (NPAs) of Urban Cooperative Banks (UCBs) declined to Rs 21,769 crore as on March 31, 2026, ...
UCBs to fix deposit interest rates thru’ Board Policy: MoS
Urban Cooperative Banks (UCBs) are required to pay interest on deposits according to policies approved by their boards, the government ...
Credit Card spending crosses Rs 21 Lakh Crore: Govt
Credit card usage and spending in India have seen a steady rise over the past three years, the government informed ...
UCBs given Branch Freedom, higher Housing Loan Limits
Urban Cooperative Banks (UCBs) have received a policy boost with a series of reforms aimed at strengthening their operations and ...
Co-op Banks to offer Loans against Silver from April1, 26 : MoS
Co-operative banks across the country will soon be allowed to offer loans against silver collateral, following new guidelines issued by ...
UCB Umbrella Body NUCFDC goes Live; Raises Rs 300 Crore: Minister
The National Urban Co-operative Finance and Development Corporation Limited (NUCFDC), established as the Umbrella Organisation (UO) for Urban Co-operative Banks ...
No Proposal yet for new UCBs; RBI seeking feedback on Licensing: Govt
The government has clarified that there is currently no proposal under consideration to license new Urban Cooperative Banks (UCBs), even ...
RBI conducts regular stress tests for UCBs: MoS
While replying to a query in the Lok Sabha on Monday, Union Minister of State for Finance Pankaj Chaudhary said ...
Co-op Banks received strong NABARD Refinance over past five years
The Union Minister of State for Finance Pankaj Chaudhary informed the Lok Sabha that the National Bank for Agriculture and ...
NABARD, NCDC pump Rs 42,000 Cr into Co-op Banks in FY25
Union Minister of State for Finance Pankaj Chaudhary announced that NABARD and the National Cooperative Development Corporation (NCDC) together infused ...
Over Rs 6,000 Cr disbursed by NCDC in FY25: MoS Finance
Union Minister of State for Finance Pankaj Chaudhary informed that the NCDC disbursed Rs 6,098 crore to cooperative banks across five states ...
UCBs’ cumulative losses at Rs 885 Cr, but declining Year-on-Year: MoS
In the Lok Sabha on Monday, Union Minister of State for Finance Pankaj Chaudhary informed that 105 Urban Cooperative Banks ...
RBI cancels 58 Co-op Bank Licenses since 2020, fines Five on Monday
In a written reply to the Lok Sabha on Monday, Union Minister of State for Finance Pankaj Chaudhary revealed that ...
