Mumbai, Feb 14
The all women’s government-owned Bharatiya Mahila Bank signed an MoU with Institute of Chartered Accountants of India (ICAI) for financing students pursuing Chartered Accountancy.The bank w...
Ahmedabad, 5 Feb:
The Reserve Bank of India (RBI) has cancelled the banking licence of Ahmedabad-based The Municipal Cooperative Bank Limited thereby restricting the bank from carrying out the banki...
Thiruvananthapuram, Dec. 19
Union Agriculture Ministry has agreed to take up the issue of technologically equipping primary cooperatives to integrate with national payment system. This is sought to be done through...
Mumbai, Dec. 5
The Reserve Bank of India has imposed a monetary penalty of Rs 5 lakh on The Coimbatore District Central Co-operative Bank Ltd for non-adherence to Know-Your-Customers norms and Anti...
Mangalore, Nov. 17
The cooperative sector has played a major role in inculcating financial discipline among rural people, according to the speakers at the Cooperative Week celebration in Mangalore.
Hyderabad, Oct. 28
Umesh Chand Asawa, Managing Director and Chief Executive Officer, AP Mahesh Cooperative Urban Bank, has bagged the ‘Best CEO Award’ at the Seventh National Cooperative Summit held during Oct 21-22...
Visakhapatnam, Oct. 12
Visakhapatnam Co-operative Bank, which currently has 32 branches in Andhra Pradesh, is set to open three more branches in the State. It plans to further expand operations by 2016...
Hyderabad, Oct. 2
Andhra Pradesh Grameena Vikas bank (APGVB) has, so far, opened 27 lakh basic savings bank deposit accounts through business correspondents (BCs) under the branchless banking model. “All...
Mumbai, February 20
The Reserve Bank of India on Thursday cancelled the licence of Ahmedabad-based The Municipal Co-operative Bank Ltd. It also penalised two other urban co-operative banks.
The RBI, in a sta...
Mumbai, February 5
Insist on customers opening either fixed deposits or buying insurance products
Mumbai, Jan. 16
The Reserve Bank of India has imposed penalties of Rs 5 lakh and Rs 2 lakh on Rajkot Nagarik Sahakari Bank, and The Gandhidham Mercantile Co-operative Bank, respectively. In a statement,...
Mumbai, Dec. 6
There are about 1,600 such banks in the country
Mumbai, Nov 23
In response to a public interest litigation alleging irregularities to the tune of Rs 1,500 crore in Mumbai District Central Cooperative Bank, the Bombay High Court has issued notices to its direc...
New Delhi, Nov. 16
In India, one has to address the whole household. A woman spends one hour in the bank and 23 hours with her husband, so we try and include men at every stepChetna Vijay Sinha, Founder & Chairperson, Mann Deshi Mahila Sahakari Bank.
Mumbai, Oct. 24
The Reserve Bank of India has asked urban co-operative banks (UCBs) to utilise the ‘at par’ cheque facility only for limited purposes, including for their own use.
Mumbai, Oct. 3
The Reserve Bank of India has revised the criteria for classification of urban co-operative banks (UCBs) as Financially Sound and Well Managed.
Among others, the new criteria, which requi...
Thiruvananthapuram, Sept. 29
The cooperatives sector, which has pioneered the financial inclusion drive in the country, finds no representation on the committee set up to look at ‘comprehensive financial services for small businesses and low-income households’.