RBI penalizes 13 co-op banks; most for non-adherence with KYC
Come Monday and RBI comes out with a long list of defaulting co-op banks. This Monday, however, this list is ...
Tag: rbi
No respite for Sikar Urban Co-op Bank
Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan will continue to be under RBI’s direction. The Directive shall continue to apply ...
RBI penalises Bharat Co-operative Bank
The Reserve Bank of India has imposed a monetary penalty of Rs 5.00 lakh on The Bharat Co-operative Bank Limited, ...
RBI penalizes UCBs; Four from South & three from North India
A number of co-op banks from across the states were penalized by the RBI for various acts of omissions and ...
Penalty of Rs 1.25cr on Zoroastrian Co-op Bank, Mumbai
The Reserve Bank of India has, by an order dated November 23, 2022, imposed a monetary penalty of Rs 1.25 ...
Himachal’s Parwanoo Urban Co-op Bank penalized
The Reserve Bank of India has imposed a penalty of Rs 3.00 lakh on The Parwanoo Urban Co-operative Bank Limited, ...
Co-ops are effective tool for inclusive growth: Gaurco at ICBA meet
The centennial conference of International Cooperative Banking Association (ICBA) at Brussels, Belgium had Indian delegates discussing the role of cooperative ...
RBI penalizes eight UCBs & one DCCB
RBI penalized nine co-op banks on violations of its norms on Monday. Besides eight UCBs, there is a DCCB namely ...
Pragati Mahila Nagarik Sah Bank penalized
The Reserve Bank of India has imposed a monetary penalty of Rs 1.00 lakh on Pragati Mahila Nagarik Sahakari Bank ...
Sahakar Bharati demands platform at NSE-BSE for raising funds for co-ops
A delegation of Sahakar Bharati comprising Satish Marathe, D N Thakur, Uday Joshi, among others. met Union Finance Minister Nirmala ...
No relief for Babaji Date Mahila Sahakari Bank
The Reserve Bank of India has extended the directions to Babaji Date Mahila Sahakari Bank Limited, Yavatmal, Maharashtra for another ...
Rupee Bank: Doiphode to recover Rs 100cr in 3-4 years
Newly appointed Liquidator Dhananjay Doiphode of the Pune based Rupee Cooperative Bank says the bank will recover arrears of over ...
RBI levies Rs 30 lac fine on J&K State Co-op Bank; five more UCBs fined
The Reserve Bank of India penalized a number of co-op banks and urban co-op banks on account of various acts ...
Shree Sharada Sahakari Bank amalgamates with Cosmos Bank
Shree Sharada Sahakari Bank, which is financially a sound bank, has amalgamated into The Cosmos Cooperative Bank Ltd., the second ...
No solution for Kapol Bank yet; Directions extended
Reserve Bank of India has extended the Directions on Kapol Cooperative Bank and said in a release that they shall ...
