Cooperative Banks

State government to challenge in SC RBI's stand on cooperative banks: Kerala minister VN Vasavan

He said that the RBI's public notice on cooperative banks was creating misunderstanding among people.

published on : 16th December 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

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

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