Nashik, May 24
The Maharashtra Government has dissolved the Board of Nashik District Central Co-operative Bank (NDCC) in view of alleged irregularities. The State cooperation department dissolved the N...
New Delhi, May 19
The Supreme Court has passed a slew of directions to give more power to Cooperative Banks’ Board and to reduce political interference in its functioning, holding that their Registrar should be sub...
Mumbai, May 17
Cooperative societies are seen by the poor as more approachable than banks, according to the findings of a Reserve Bank of India research study in Kerala.
The study of the portfolios of t...
Bangalore, May 14
The Co-operative Bank of Rajkot Ltd. (Gujarat), Shivajirao Bhosale Sahakari Bank Ltd. (Maharashtra), Goa State Co-operative Bank Ltd. and Tumkur Veerashaiva Co-operative Bank Ltd. (Karnata...
Visakhapatnam, April 8
The Visakhapatnam Urban Co-operative Bank has recorded a growth rate of 26.61 per cent in deposits mobilisation during 2012-13.
VCB Chairman M. Anjaneyulu told presspersons here on Monday...
Sambhal (UP), March 17
An FIR has been registered against five bank employees, including the branch manager, of a district cooperative bank for allegedly embezzling Rs 1 crore.The FIR was registered by Deputy Gen...
Coimbatore, March 11
Members of Tamil Nadu Cooperative Bank Employees’ Association are staging a dharna before the State Guest House at Chepauk in Chennai today.The dharna is being staged to emphasise their dema...
Thiruvananthapuram, March 8
Discrepancies in farm debt waiver scheme are a reflection on staff shortage at apex banks, according to a staff union. All-India Nabard Employees Union said the R...
New Delhi, May 27
As many as 13 cooperative banks failed in 2012-13, resulting in credit insurance company DICGC paying nearly Rs 160 crore to depositors.
Among the 13 cooperative banks, which failed to re...
Mumbai, May 23
The Reserve Bank of India today cancelled the licence of Arjun Urban Co-Operative Bank Ltd based in Maharashtra for carrying out banking business.
“As such, the Solapur-based bank is prev...
Mumbai, May 19
Amid allegations of co-operative banks being used as conduits for money laundering, Nabard, which jointly regulates such lenders, has said that it has found no shortcoming pointing towards any suc...
Dharamsala, May 16
Kangra Central Cooperative Bank (KCCB) today announced new pay scales for its employees effective from January 1, 2006.
“It was the long pending demand of the employees from which 1500 em...
Chennai, April 15
Financial technology company Polaris today said the Andhra Pradesh State Cooperative Bank Ltd has implemented its Intellect Core Banking Solution.The city-based company, in a statement said...
Mangalore, April 5
South Canara District Central Cooperative (SCDCC) Bank Ltd recorded a growth of 56.01 per cent in its profit during 2012-13. Addressing presspersons here on Friday, M.N. Rajendra Kum...
Mumbai, Mar 13
The Reserve Bank of India (RBI) today asked Urban Co-operative Banks (UCBs) to implement core banking solutions (CBS) in all their branches by December 31, 2013.
“...very few UCBs have ad...
Mumbai, March 8
The Reserve Bank of India (RBI) has cancelled the banking licence of Maharashtra-based Abhinav Sahakari Bank Ltd. The central bank, in a statement, said the co-operative bank’s licen...
Pimpri, March 4
RBI supersedes ailing bank’s board; limits public transactions »