A little-known Indian bank moved to assure depositors their money is safe after the collapse of Silicon Valley Bank (SVB) in California caused confusion and […]
Tag: Cooperative Banks
RBI cancels licence of MP-based Garha Co-operative Bank
The Reserve Bank of India (RBI) on Monday cancelled licence of Garha Co-operative Bank, Guna in Madhya Pradesh as the lender does not have adequate […]
RBI comes out with four-tiered regulatory framework for urban cooperative banks
The Reserve Bank of India (RBI) on Thursday announced a four-tiered regulatory framework for categorisation of Urban Co-operative Banks (UCBs), Besides, the central bank has […]
RBI imposes Rs 1.25 crore penalty on Zoroastrian Co-operative Bank
The Reserve Bank of India has imposed a penalty of Rs 1.25 crore on Zoroastrian Co-operative Bank, Mumbai for non-compliance with certain directions, including one […]
RBI imposes penalties on nine cooperative banks for violating compliances
The Reserve Bank of India has imposed monetary penalties on nine cooperative banks on account of various contraventions or non compliances of laid down guidelines. […]