Crisis-ridden cooperative banks continue to face RBI’s strictures
India’s crisis-ridden cooperative banks continue to face the wrath of the regulator, which cancelled the license of eight and imposed
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Cooperative Bank News
Urban Co-op Bank profiles improve on bad loan dip, better profitability
The profile of urban co-operative banks (UCBs) improved in 2021-22 on the back of augmented capital buffers, a decline in
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Trucap Finance and Shivalik Small Finance Bank partner up for retail gold loan assets
Trucap Finance Limited and Shivalik Small Finance Bank announced a partnership for sourcing and managing retail gold loan assets. With
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RBI revises regulatory framework for UCBs
The Reserve Bank of India has revised the regulatory framework for urban co-operative banks (UCBs), prescribing minimum net worth of
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Centre proposes concurrent audit of multi-State Co-operative societies
The government introduced the Multi-State Cooperative Societies (Amendment) Bill, 2022, which proposes merger of “any cooperative society” into an existing
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RBI imposes penalties on nine cooperative banks for violating compliances
The Reserve Bank of India has imposed monetary penalties on nine cooperative banks on account of various contraventions or non
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Scam in Karuvannur Service Cooperative Bank
The Enforcement Directorate has attached assets worth Rs 30.70 crore of Bijoy A K, the commission agent of Karuvannur Service
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RBI imposes penalty on 13 cooperative banks
The Reserve Bank of India announced penalties on 13 cooperative banks for contravention of various regulatory norms. The penalties range
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Man arrested in Chennai for opening ‘bank’ with forged RBI permission
Police in Chennai have arrested a person for forging RBI permission certificate for running a bank in different parts of
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RBI imposes penalties on nine cooperative banks for violating compliances
The Reserve Bank of India has imposed monetary penalties on nine cooperative banks on account of various contraventions or non
Read more