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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Cooperative Bank News
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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Five cooperative banks are hit with financial penalties by RBI.
On December 14, the Reserve Bank of India (RBI) announced that it has fined five cooperative banks for a variety
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Former Chairman of J&K Cooperative Bank, held by Ed
Authorities in Jammu and Kashmir have reported that Mohammad Shafi Dar, the former chairman of J&K Co-operative Bank, has been
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RBI imposes monetary penalty on 4 co-operative banks
The Reserve Bank of India (RBI) has imposed monetary penalties on four co-operative banks for deficiencies in regulatory compliance. These
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