For a change RBI punishes Central Bank of India
For a change, the Reserve Bank of India has on November 10, 2020, imposed a monetary penalty of Rs fifty ...
Tag: rbi
Millath Co-op Bank & Thiruvaikuntam Co-op Bank guilty of norm-violation
Hot on the heels of the news of extension of Direction on the two UCBs- Mumbai based the Needs of ...
Shivam Sah Bank to continue under RBI restrictions
The Direction of Shivam Sahakari Bank Ltd, Ichalkaranji, Kolhapur, Maharashtra shall continue to apply to the bank for a further ...
Banking Bill: RBI files affidavit in Madras HC
Hans India reports RBI has filed an affidavit in the Madras High Court saying bringing cooperative banks under its control ...
Anaskar demands Advisory Committee for implementation of new BR Act
In a letter written to Ms Nirmala Sitharaman, Union Finance Minister, Vidyadhar Anaskar, Chairman of Maharashtra State Co-op Bank has ...
RBI extends Direction on Mudhol Co-op Bank
The Reserve Bank of India thinks it necessary to extend the period of operation of the Directive to the Mudhol ...
Co-op banks’ leaders hail govt decision; call it game changer
The leaders of the cooperative banking sector have hailed the govt decision allowing co-operative banks including urban cooperative banks to ...
Big Relief: RBI extends date of Accounts submission to Dec 31
In a major relief for all the co-operative organizations, in the country, the government of India has extended the date ...
RBI unveils Technology Vision; Mehta talks of Umbrella for UCBs
The Reserve Bank of India has placed on its website the “’Technology Vision for Cyber Security’ for Urban Co-operative Banks ...
Restricting dividend pay-outs by co-op banks will affect PACS : Sanghani
Dileep Sanghani, Chairman of National Federation of State Cooperative Banks (NAFSCOB) has demanded that the co-op banks be allowed to ...
Mehta says test of Act to be seen in quick PMC resolution
Nafucb President Jyotindra Mehta who doubles as the Patron of Sahakar Bharati has reacted to the passage of the Banking ...
Dixit replaces Bhoria as the Administrator of PMC Bank
A.K. Dixit, ex-General Manager, Union Bank of India has been appointed as the new Administrator of the crisis hit PMC ...
House passes Amendment Bill; Marathe says its beginning of new era
The Banking Regulation (Amendment) Bill, 2020 which was introduced in the Lok Sabha last week on Monday by Finance minister ...
Rules for banking companies can’t be applied to co-op banking: NAFCUB
In a statement the apex body of UCBs and credit societies NAFCUB has batted for the co-op character of co-op ...
Banking amendment not good for agri-economy: Cong
PTI reports several opposition parties opposed the Banking Regulation (Amendment) Bill in parliament saying it will not only affect the ...
