Cooperative Banks

Village-level cooperative banks are yet to be brought under the core banking solutions platform

As per official data, cooperative institutions distributed loans worth Rs 60,000 crore under 17 categories, of which Rs 40,000 crore went towards jewel loans.

published on : 24th November 2022

RBI imposes penalties on nine cooperative banks for violating compliance

The RBI said this action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction entered into by the banks with its customers.

published on : 15th November 2022

Congress to file plaint with ED against Ramesh Jarkiholi  

Though Sowbhagyalaksmi Sugars claimed to have earned a profit of Rs 60 crore in 2021, the government has declared the loans taken by it as NPA.

published on : 27th June 2022

Urban co-op banks need to focus on symmetric development, adopt modern banking methods: Amit Shah

Shah emphasised on the reforms in urban cooperative banks and asked them to make structural changes, computerise accounting processes and infuse young talent in the sector.

published on : 23rd June 2022

Will roll out 34 banks-on-wheels: Tamil Nadu co-op minister I Periasamy

During his reply to the debate on the demand for grants for his department, Periasamy made an array of announcements.

published on : 9th April 2022

Arani Cooperative bank chairman, manager and officials arrested in jewellery loan fraud

Chairman of the Bank Ashok Kumar, Manager Lingappan, Jewellery Assessor Mohan, and Cashier Jagadeesan allegedly got loans in the name of their relatives by pledging gold-plated jewellery.

published on : 12th March 2022

RBI penalises two UP-based cooperative banks for violating KYC norms

The RBI has also imposed a penalty of Rs 2 lakh on National Urban Co-operative Bank, Bahraich for non-filing of a return on asset and liabilities.

published on : 18th September 2018

Chhattisgarh decides to merge DCCBs into single state co-op bank

Cooperative banks play a significant role in paddy procurement and disbursements of short term agricultural loans.

published on : 11th July 2017