Cooperative Bank

Kerala: Rs 100 crore Karuvannur bank loan scam whistleblower missing

His family said after the whole controversy surfaced, Sujesh had received calls threatening that they would harm him.

published on : 20th September 2021

Karuvannur Cooperative Bank scam: Crime Branch arrest four former board members

The board of the bank was dissolved by the cooperative registrar after it was found that the bank employees have availed multiple loans by misusing the documents pledged by customer to avail loans.

published on : 13th September 2021

OSCSC asks Cooperative bank to reduce interest rate on loan

The reduction in interest rate on short term loan was in response to the request made by the OSCSC on September 3.

published on : 13th September 2021

Depositors of stressed banks to get up to Rs 5 lakh back from November 30

There have been numerous recent cases of lenders, especially cooperative banks, being unable to fulfil their obligations towards the depositors despite monitoring by the union government and RBI.

published on : 30th August 2021

Cooperative banks okayed loans worth Rs 10.99 crore against fake gold

Incidents of pawning fake gold to avail of loans from cooperative banks and swindling crores of rupees through fake loans are rampant in Kerala. 

published on : 27th August 2021

Cooperative banks continue to be a sore for India’s banking sector

RBI cancelled 6 licences, issued 123 directives & imposed penalty on UCBs so far in 2021

published on : 22nd August 2021

Karuvannur Bank loan scam: Kerala cooperative department to roll out reforms

The transfer of cooperative employees would be carried out in a time-bound manner and it would ensure that the criteria for transfer are met.

published on : 16th August 2021

Audit, monitor Kerala’s co-op banks

However, many have expanded their business over the years and now compete with public sector and private banks.

published on : 13th August 2021

ED registers case against six in Karuvannur bank loan fraud case

Will summon the accused persons for detailed interrogation from next week 

published on : 8th August 2021

HC asks vigilance to complete corruption probe against Controversial Kerala IAS officer 

The allegation against the IAS officer that he and other accused diluted the routine procedure had granted a loan of 350 lakh to a firm, causing loss to Kerala Cooperative Bank.

published on : 5th August 2021

CPM district secy knew of Karuvannur bank fraud in 2019 itself: Local committee member

The local committee member also revealed that former president of director board K K Divakaran’s claim that he came to know of the fraud only four months ago was a total lie.

published on : 27th July 2021

Karuvannur Bank fraud: BJP offers to help bank customers in legal fight

A proper investigation into these cheating activities by a state agency will be a mockery.

published on : 27th July 2021

Robbers 'skillfully' get away with 7.5 kg gold from Palakkad cooperative bank, leave no trace

The burglary was noticed on Monday when the bank was opened for transactions after the weekend. The wire leading to the CCTV has been cut and the memory card is also missing, police said. 

published on : 26th July 2021

Kuzhalmannam Block Rural Credit Cooperative under lens for Rs 4.85-crore fraud

The assistant registrar of cooperative societies who investigated the complaints of depositors detected fraud to the tune of Rs 4.85 crore.

published on : 26th July 2021

Kerala: Loan fraudsters mint crores from Karuvannur bank’s supermarkets

Irregularities worth C1.7 cr found in stocks of supermarkets during 2019-20 fiscal alone

published on : 26th July 2021
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