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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Cooperative Bank News
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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RBI imposes monetary penalty on four co-operative banks for rule violations
RBI said it has imposed monetary penalties on four cooperative banks for rule violations. These banks are Kokan Mercantile Co-operative
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Cooperative banks face challenges on compromise settlements, say experts
The Framework for Compromise Settlements and Technical Write-offs introduced by the Reserve Bank of India may pose policy and regulatory
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Urban co-op banks seek increase in gold loan limit from Rs. 2 lakh to Rs. 5 lakh
Urban cooperative banks (UCBs) have sought enhancement in the ceiling on loans against gold and gold jewellery from Rs. 2
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Cooperative banks will soon be able to do compromise settlements, write-offs on NPAs: Shaktikanta Das
Reserve Bank Governor Shaktikanta Das said cooperative lenders will soon be able to do technical write-offs and execute compromise settlements
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Priority Sector Lending target deadline for Urban Cooperative Banks extended
Urban cooperative banks (UCB) are getting more regulatory relaxations. The Reserve Bank of India (RBI) has extended the deadline for
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RBI sanctions merger of Maratha Co-op Bank with Cosmos Co-op Bank
RBI has sanctioned the voluntary Scheme of Amalgamation of Maratha Sahakari Bank with The Cosmos Co-operative Bank. The Scheme will
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Capital adequacy ratio norms enforcement for UCBs advanced to FY23-end
In a surprise move, the Reserve Bank of India (RBI) advanced by a day the enforcement of capital adequacy and
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