UCBs: RBI notifies MD’s appointment norms with immediate effect
In a notification issued to all the UCBs, RBI has asked these banks having deposit size of more than Rs ...
Tag: rbi
UCBs under Directions are exempted from BoM; RBI clarifies in a query
Urban Cooperative Banks on which the Reserve Bank of India has imposed all-inclusive directions (AID) are exempted from constituting the ...
RBI penalizes three UCBs on Monday
The Reserve Bank of India has imposed penalties on three Urban Cooperative Banks on Monday. The UCBs punished are Baramati ...
PMC revival ignites hopes in crisis-hit UCBs
Business Line says the proposed amalgamation of the scam-hit Punjab and Maharashtra Co-operative (PMC) Bank with a small finance bank ...
RBI penalizes 2 UCBs last weak-Bijnor UCB & National UCB
The Reserve Bank of India has imposed a monetary penalty of Rs 6.00 lakh on the Bijnor Urban Co-operative Bank ...
No respite for Karnala Nagri Sahakari Bank
The Reserve Bank of India has extended Direction on Karnala Nagri Sahakari Bank Ltd., Panvel, Raigad, Maharashtra till August 15, ...
Bassein Catholic Co-op Bank agrees to form BoM; dismisses SAF rumour
The Maharashtra based Bassein Catholic Cooperative Bank is caught in double bind these days. On one hand, some internal saboteurs ...
No respite for Kanpur based People’s Co-op Bank
The Reserve Bank of India (RBI) has extended the Directions issued to the People’s Co-operative Bank Limited, Kanpur (Uttar Pradesh) ...
No respite for Sikar Urban Co-op Bank
The Direction on the Sikar Urban Co-operative Bank based in Sikar, Rajasthan shall continue to apply to the bank for ...
DCCBs merger: Minister meets Chairmen to discuss RBI’s guidelines
Uttarakhand Cooperative Minister Dhan Singh Rawat held a meeting of Chairmen associated with State Cooperative Banks and District Central Cooperative ...
Dhrangadhra People’s Co-op Bank penalized
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 2.00 lakh on the Dhrangadhra People’s Co-operative ...
No respite for Madgaum Urban Co-op Bank
In a press release RBI said that the Direction on Madgaum Urban Co-operative Bank shall continue to apply to the ...
PMC Administrator informs HC about withdrawal applications
The administrator of the scam-hit PMC Bank was bombarded with more than a thousand applications for withdrawal of deposits for ...
Bihar DCCBs up in arms against merger proposal
Cooperators connected with Bihar’s District Central Cooperative Banks (DCCBs) have strongly condemned the state government move for merger of DCCBs with ...
Shivajirao Bhosale Sah Bank: Licence cancelled; 98% to get full refund
Reserve Bank of India has, through and order dated May 28, 2021 cancelled the licence of Shivajirao Bhosale Sahakari Bank ...
