Cooperative Banks Show Mixed Trends in Asset Quality
India’s cooperative banks, despite their geographic and operational diversity, lag behind stricter regulatory entities on asset quality parameters. However, their
Read more
Cooperative Bank News
RBI Approves NCBL-Cosmos Co-operative Bank Merger
The Reserve Bank of India (RBI) has sanctioned the amalgamation of National Co-operative Bank Ltd. (NCBL), Bangalore, with Cosmos Co-operative
Read more
Enforcement Directorate Raids RJD MLA, Others in Bihar Cooperative Bank Case
The Enforcement Directorate (ED) conducted searches at 18 locations, including premises linked to RJD MLA and former Bihar minister Alok
Read more
Shah: 2 Lakh Primary Agricultural Credit Societies to Be Established in 5 Years
Union Home Minister and Minister of Cooperation Amit Shah inaugurated 10,000 newly established Multipurpose Primary Agricultural Credit Societies (MPACS), along
Read more
Cosmos Co-op Bank halts acquisitions; eyes organic growth
After acquiring 18 urban co-operative banks (UCBs) in the last 25 years, Pune-based Cosmos Co-operative Bank is pausing on further
Read more
RBI cancels licence of Mumbai-based The City Co-operative Bank
The Reserve Bank cancelled the licence of The City Co-operative Bank, Maharashtra for lacking adequate capital and earning prospects. The
Read more
RBI cancels licence of Purvanchal Co-op Bank, Ghazipur
The Reserve Bank has cancelled the licence of Purvanchal Co-operative Bank, Ghazipur, Uttar Pradesh as it does not have adequate
Read more
RBI imposes monetary penalty on four co-operative banks for rule violations
The Reserve Bank of India (RBI) said it has imposed monetary penalty on four co-operative banks for rule violations. These
Read more
RBI imposes Rs. 59.90 lakh fine on Nashik co-op bank
The Reserve Bank of India said it has imposed a penalty of Rs 59.90 lakh on Nashik-based Janalaxmi Cooperative Bank
Read more
RBI flags high interconnectedness of SFBs with co-operative banks
RBI has flagged the interconnectedness of small finance banks (SFBs) with co-operative banks via the bulk deposit route. “SFBs serve
Read more