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 ...
Tag: UCBs
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 ...
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 ...
With Ordinance in place, restrictions on UCBs must go: Nafcub
NAFCUB President Jyotindra Mehta has demanded that with the promulgation of Ordinance giving absolute right to RBI to supervise urban ...
Sah Bharati raises co-op issues before FM; hopes for positive outcome soon
As earlier disclosed in these columns, Sahakar Bharati top leaders deliberated on a host of issues concerning the cooperative sector ...
Asking UCBs to follow SBI rate on deposits not fair: Anaskar
Maharashtra urban co-op banks are objecting to the RBI diktat in which it has prohibited UCBs from offering interest rates ...
Krishnanagar City Co-op Bank penalized
The Reserve Bank of India (RBI) has imposed a monetary penalty of ?2.00 lakh on the Krishnanagar City Co-operative Bank for ...
Sah Bharati to interact with FM today; issue of ECLGS top on agenda
Top leaders of Sahakar Bharati are meeting Union Finance Minister Nirmala Sitharam on virtual platform today on Thursday in the ...
Pawar writes to PM calling bank Ordinance a move to privatize co-ops
Congratulating Prime Minister Narendra Modi for mentioning cooperatives from the pulpit of Red Fort, as was never done in the past by ...
System-based asset classification will help UCBs: RBI
Neeraj Nigam, the Chief General Manager of RBI has written letters to the Chief Executive Officers of Urban Co-operative Banks, ...
Divided House: NAFCUB fails to have consensus on amendment in BR Act
Soon after the Pune based UCBs opposed the Banking Regulation (Amendment) Ordinance of 2020, two urban cooperative banks of Tamil ...
Withdrawal for Youth Dev Co-op Bank & Hindu Co-op Bank raised
Regulator RBI has increased the withdrawal limits of two UCBs currently under Direction. They are Kolhapur based Youth Development Cooperative ...
Madras HC admits petition challenging BR Act tweaking
Kanchipuram Cooperative Town Bank Ltd and the Velur Cooperative Urban Bank Ltd.in Tamil Nadu have moved the Madras High Court ...
Pune’s UCBs hold meeting opposing provisions of amended BR Act
The Urban Cooperative Banking sector seems headed for a division of opinion on the issue of RBI’s total control of ...
