PMC Depositors reject RBI’s draft amalgamation; seek participation
In a hard-hitting letter, the body known as PMCB Shareholders and Account holders Forum has rejected the draft scheme for ...
Tag: rbi
Covid failed to halt growth of co-op banks in 2021
In 2021, scores of cooperative banks and co-operative credit societies across the country performed well despite Covid-19 and a majority ...
RBI levies Rs 30 lac penalty on MUFG Bank; Two more UCBs fined
The Reserve Bank of India has imposed, by an order dated December 23, 2021, a monetary penalty of Rs 30 ...
Three co-op banks fined on Thursday
Thursday proved unlucky for co-op sector as three of the co-operative banks were penalized by the RBI for violation of ...
FM rejects Kerala’s request; says co-op societies can’t use tag bank
Rejecting Kerala’s move to allow co-op societies to use the tag of the bank in their names, Union Finance Minister ...
RBI’s monitoring of co-op banks has increased depositors’ confidence: PM
Prime Minister Shri Narendra Modi addressed a function on “Depositors First: Guaranteed Time-bound Deposit Insurance Payment up to Rs. 5 ...
RBI fines Pune People’s Co-op Bank
The Reserve Bank of India has imposed a monetary penalty of ?2 lakh on Pune People’s Co-operative Bank Limited, for ...
Maha UCBs react to RBI’s Draft on PMC; call it bad for profitability
Reacting to the RBI’s “Draft Scheme of Amalgamation of the PMC Ltd. – Suggestions and Objections” urban co-op banks associated ...
Kerala opposes RBI’s notice on co-ops using “bank” tag
Hindu reports Kerala has called upon RBI to withdraw the ‘caution notice’ it has issued to cooperative societies in the ...
Uttarakhand: UCF earns well; plans more purchase centres
Uttarakhand State Cooperative Federation (UCF) organized its 13th Annual General Meeting recently and presented its annual report among more than ...
DICGC: Depositors of stressed co-op banks to get money
A news outlet reports account holders of several stressed cooperative banks will be given Rs 5 lakh deposit insurance cover ...
NCP controls Ratnagiri DCCB; Chorage & Jadhav elected unopposed
NCP leader Tanajirao Chorage and Babaji Jadhav have been elected unopposed as the Chairman and Vice-Chairman of Maharashtra-based Ratnagiri District ...
No respite for Garha Co-op Bank, Guna
The Reserve Bank of India has extended the Direction on Guna based Garha Co-op Bank. The UCB was first placed ...
NCUI brainstorms on “Ease of Doing business” in co-ops
On the occasion of 68th All India Cooperative Week, NCUI recently organized a webinar on ‘Ease of Doing Business For ...
Co-op societies can’t use bank in its name: RBI
Co-operative societies cannot use the words “bank", "banker" or "banking" as part of their names, except as permitted under the ...
