Notwithstanding Nafcub complaints, RBI penalizes ten UCBs
The Reserve Bank of India has penalized about ten urban cooperative banks just as NAFCUB concluded its AGM recently in ...
Tag: rbi
Rupee Bank contemplating merger with Cosmos Bank?
Business Standard reports after Bombay High Court ruling in favour of stay on cancellation of banking license, Pune-based Rupee Cooperative ...
RTI reveals 1,000 cases of frauds in UCBs in 5 yrs
PTI quotes RBI as saying UCBs have reported 1,000 cases of fraud worth more than Rs 220 crore in the ...
Patil exhorts UCBs to become Promoter Members of UO
Exhorting UCB delegates to grab the opportunity of becoming Promoter Members of Umbrella Organization, senior cooperator H K Patil said ...
NAFCUB delegates raise a host of issues; leaders listen
Delegates, coming from different cooperative banks across the country to attend the 46th Annual General Meeting of NAFCUB on Wednesday, ...
RBI stresses Compliance in UCBs; mandates appointment of CCO
In a letter written to the Chairman and Managing Director of Urban Co-operative Banks under the heading “Compliance Function and ...
RBI penalizes UCBs; two from MP, one from Maharashtra
On Monday RBI announced penalties on three urban cooperative banks. They are Gwalior based Dr. Ambedkar Nagarik Sahakari Bank Maryadit, ...
Minister visits MSCB headquarters; UCBs’ delegates voice their concerns
Union Minister of State for Finance Bhagwat Karad recently visited the headquarters of Maharashtra State Cooperative (MSC) Bank and reviewed ...
No respite for Sikar Urban Co-op Bank
The direction on the Sikar Urban Co-operative Bank has been extended again by a notification by the RBI. Directions shall ...
Suco Bank can extend its operation state wide: RBI
Karnataka based Suco Souharda Sahakari Bank has received a permission from the Reserve Bank of India for extending its area ...
From Rs 25 lakh to Rs 10k RBI penalizes five co-op banks
Last week several co-op banks and UCBs were penalized for non-adherence with the norms of RBI. While some banks ignored ...
No respite for Maratha Sahakari Bank
The Reserve Bank of India has extended the Direction on Maratha Sahakari Bank Limited till November 30, 2022. The Bank ...
Co-op Banks almost achieve its agri credit target
During 2021-22, against the target of Rs 4.44 lakh crore, Regional Rural Banks (RRBs) and Rural Co-operative Banks achieved Rs ...
Ignoring Circular: RBI fines 8 UCBs ranging from Rs 55 lac to Rs 1 lac
The RBI has imposed penalties on several urban co-op banks for varying amounts from Rs 55 lac to Rs 1 ...
RBI fines 145 co-op banks in 2021-22; penalty of Rs 12 crore
In the 2021-22 financial year, the Reserve Bank of India imposed a penalty on 145 cooperative banks worth Rs 12.10 ...
