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 ...
Tag: rbi
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 ...
ICAI seconds “statutory auditors for co-op banks”
Chartered Accountants of India (ICAI) has supported RBI's new norms for banks including cooperative banks and non-bank lenders to engage ...
Merging DCCBs will destroy rural credit flow: Sanghani
Reacting to RBI issuing guidelines for merging district central cooperative banks with state cooperative banks, NCUI President Dileep Sanghani said ...
HP State Co-op Bank donates Rs 80 lacs to fight Covid
The apex bank Himachal Pradesh State Cooperative Bank has contributed generously to both the CM Relief Fund and to the ...
Penalty on Priyadarshini Mahila Nagari Sah Bank
RBl has imposed a monetary penalty on Priyadarshini Mahila Nagari Sahakari Bank Limited, Beed, Maharashtra (the bank) for non-adherence/ violation ...
Deposit insurance limit for institutional investors must be raised: Marathe
Considering the news that the amendment to the Deposit Insurance and Credit Guarantee Corporation (DICGC) Act, 1961 will be tabled ...
Beed based Mahila Nagari Sahakari Bank penalized
The Reserve Bank of India has imposed a monetary penalty on Priyadarshini Mahila Nagari Sahakari Bank Limited, Beed, Maharashtra (the ...
Siddheshwar Sahakari Bank penalized
The Reserve Bank of India has imposed a monetary penalty on Siddheshwar Sahakari Bank based in Latur, Maharashtra. The UCB ...
RBI cancels licence of United Co-op Bank; says UCB has no capital left
The Reserve Bank of India has cancelled the licence of United Co-operative Bank which is based in Bagnan, West Bengal. ...
Sahakar Bharati demands more time for Expert Committee on UCBs
Sah Bharati has demanded an extension of two more months in the time-frame for the Expert Committee, constituted by RBI ...
Shankar Nagari Sahakari Bank penalized
The Reserve Bank of India has imposed a monetary penalty on Shankar Nagari Sahakari Bank Limited, Nanded, Maharashtra for non-compliance ...
