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
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Cooperative Bank News
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
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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
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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
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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
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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
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Shah: Co-operatives should open accounts in cooperative banks
Union Minister for Home and Cooperation, Amit Shah, urged cooperative institutes to open their bank accounts only with cooperative banks
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Bulk deposit limit enhanced to Rs. 1 crore for large UCBs
The Reserve Bank of India (RBI) has decided to enhance the bulk deposit limit for large urban co-operative banks (UCBs)
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RBI cancels license of UP-based Urban Co-operative Bank
The RBI cancelled the licence of Urban Co-operative Bank Limited, Sitapur, Uttar Pradesh as the lender does not have adequate
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RBI suspends Urban Co-operative Bank’s licence in Uttar Pradesh
Because Urban Co-operative Bank Limited, Sitapur, Uttar Pradesh, lacked sufficient capital and earning potential, the RBI revoked the lender’s licence.
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