Thiruvananthapuram, June 9
The current session of the Kerala Assembly will take up the issue for discussion soon
Mangalore, May 30
MN Rajendra Kumar has been unanimously re-elected president of the South Canara District Central Cooperative (SCDCC) Bank Ltd. Addressing presspersons here on Thursday, S Ajith Heg...
Visakhapatnam, May 11
The Kakinada Town Co-operative Bank, established in 1980 with 13 branches in the East Godavari district, is expanding its operations to Visakhapatnam district on Monday by opening a branch here, a...
March 14, 2014
Cooperative banks in Goa are agitated over a recent Income Tax Department circular asking them to deduct tax at source (TDS) on interest on fixed deposits above ₹10,000.The circular follows...
Thiruvananthapuram, Feb 24
Apex Kerala State Cooperative Bank has decided to sanction ₹700 crore to 14 district cooperative banks in the State at 6.5 per cent. This is being advanced as short-term loans for se...
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...
Kochi, June 19
Govt takes on companies that charge cut-throat interest rates from rural borrowers »
Mangalore, June 7
The National Organising Committee of Sahakar Bharati (which is a body for promoting cooperatives in various fields) has sought the withdrawal of proposed amendments to Multi-State Cooperative Act.
Mumbai, May 28
Urban cooperative banks (UCBs) have been asked not to give high-value loans to government companies and stick to their core mandate of lending to small borrowers and for agriculture.
Mumbai, May 5
The CKP Co-operative Bank cannot, without approval in writing from the RBI, grant or renew any loans and advances, make any investments, incur any liabilities including borrowing of funds and acce...
Mumbai, Feb 25
With State co-operative banks, district central co-operative banks and regional rural banks collectively reporting an over ₹100 crore jump in frauds in the last financial year, their supervisor Na...
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