RBI asks urban cooperative banks to implement system-based asset classification from June 2021
The Reserve Bank has asked large urban cooperative banks (UCBs) to undertake the system-based asset classification from June 30, 2021,
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Cooperative Bank News
RBI extends Rupee Co-op Bank licence by 3 months
Rupee Co-op Bank, Pune has been granted an extension for its banking license by the Reserve Bank of India (RB)I
Read moreState co-op banks fined for failing to report NPAs
RBI has imposed fines on four state cooperative banks, including Saraswat Cooperative Bank, the largest cooperative bank in the country.
Read moreJ&K State Cooperative Bank scam accused arrested
In Rs 223 crore land scam of Jammu and Kashmir State Co-operative Bank, the Anti Corruption Bureau has arrested Hilal
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How SC ruling on Sarfaesi Act may benefit depositors of co-operative banks
Until recently, there was no clarity on whether co-operative banks could initiate action against borrowers under the Securitisation and Reconstruction
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Cooperative bank branch manager, cashier held for Rs. 3 cr embezzlement in Amritsar
Rakesh Kumar, the branch manager and Ram Kishore, cashier of Amritsar Central Cooperative Bank Ltd, Tarsika, have been held for
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Punjab minister assures assembly of an investigation into Hindu Cooperative Bank fraud
Punjab Cabinet Minister Sukhjinder Singh Randhawa has given the assurance to the assembly regarding a investigation into the fraud in
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MSC Bank sends proposals to RBI for merging with City Co-op & Rupee Co-op
The Maharashtra State Cooperative Bank (MSC) has announced that for the purpose of merging City Co-operative Bank and Pune-based Rupee
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FIR lodged against 76 persons in Rs 513 crore Karnala cooperative bank scam
A complaint has been lodged against 76 persons, inclusive of 12 office-bearers of the Panvel-based Karnala Nagari Sahakari Bank, for
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Urban cooperative banks reported nearly 1,000 frauds in five years: RBI
Around 1000 fraud cases worth over Rs 220 crore have been reported by Urban cooperative banks (UCBs) in the last
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