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.
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.
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.
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.
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.
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.
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.
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.
Rahul Gandhi to file appeal in Gujarat court on April 3 against conviction in defamation case
Gujarat court acquits all 26 accused in 2002 gangrape and multiple murders case
At least 26 dead after tornadoes rake US Midwest, South
Bihar communal violence: Amit Shah speaks to Governor, agrees to send additional central forces
India records 3,824 Covid cases, biggest single-day rise in six months
Debonair Durani dies at 88, Indian cricketers mourn over loss