Update on Veerashaiva bank’s state of affair
One of our readers Rakesh Chopra has commented latest updates on Veerashaiva Bank which we are reproducing verbatim for readers’ ...
Tag: rbi
RBI penalizes Karjan Nagarik Sahakari Bank
The Reserve Bank of India has imposed a monetary penalty on the Karjan Nagarik Sahakari Bank of Karjan, District Vadodara ...
RBI relaxes KYC for UCBs
RBI has asked urban cooperative banks to relax know your customer norms (KYC) for foreign students studying in India. UCBs ...
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. ...
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 ...
