Delhi: Jamia Co-op bank penalized
The Reserve Bank of India has imposed a monetary penalty on Jamia Cooperative Bank based in Okhla Road, New Delhi. ...
Tag: rbi
RBI clarifies on NABARD Circular
Under fire from all sides on the issue of controversial Nabard Circular the RBI clarified that its guidelines are not ...
Urban co-op banks make blatant donations
West Bengal is not known for a vibrant cooperative sector. According to the bush telegraph, most of cooperative bodies are ...
UCBs should beware of nepotism!
There is revelation that urban cooperative banks are practicing favouratism and nepotism in giving donations to trusts and institutions. Angered ...
RBI advocates four tire banking structure
As per a discussion paper recently circulated by the RBI, the country should have a four tier banking structure. The ...
RBI gives co-op bank license to Jharkhand
Jharkhand will finally have the cooperative Bank after the struggle of 12 years. RBI representative handed over the license for ...
Ahmedabad Municipal Co-op bank’s directions extended
The period of Directions imposed on Ahmedabad based Municipal Co-operative Bank has been extended. The apex bank had first imposed ...
Rupee Bank finds a suitor in Saraswat?
Pune based Rupee cooperative bank may have found a suitor in the largest urban cooperative bank of India Saraswat Bank. Though ...
Nagrik Sahakari Bank, Indore penalized
The Reserve Bank of India has imposed a monetary penalty of Rupees five lakh on the Nagrik Sahakari Bank based ...
Rupee co-op bank trouble continues
The Reserve Bank of India has extended the validity period of directions imposed on Rupee Co-operative Bank based in Pune, ...
RBI wants politicos away from co-operatives
In response to a directive from the RBI the Punjab govt. has decided to begin a process that would prevent ...
Sarvodaya Sahakari Bank and Kokan Prant Sahakari Bank in dock
Last week the Reserve Bank of India imposed penalties on two urban cooperative banks namely Sarvodaya Sahakari Bank based in ...
Gandhidham Mercantile Co-op Bank penalized
A statement issued by the Reserve Bank of India informs that Gandhidham Mercantile Cooperative Bank in Kutch in Gujarat has to pay a fine of Rs. 5 lakh for violating various guidelines. The release blames the co-op bank of faulting on disclosure of monetary penalty in public domain, money laundering and intra-day overdrawals. Besides, the GMCB has been found guilty of violation of norms on giving money for buying real estate ...
Cooperative bank employees federation plans nation-wide strike
The All India Cooperative Bank Employees’ Federation (AICBEF) has expressed strong reservations to the Reserve Bank of India’s move on ...
Nasik Merchant Co-op Bank faulted
The Reserve Bank of India has imposed a monetary penalty of on the Nasik Merchants’ Co-operative Bank, Maharashtra for violation ...
