Reserve Bank Governor Shaktikanta Das on Thursday said cooperative lenders will soon be able to do technical write-offs and execute compromise settlements with defaulting borrowers. […]
Tag: Cooperative Banks
Mehsana Urban Co-op Bank crosses business mix of Rs 13,000cr
Gujarat based Mehsana Urban Cooperative Bank (Multi-State Scheduled Bank) crossed the business mix of more than Rs 13,000 crore and earned a profit of Rs […]
Cosmos Bank earns highest ever profit; vows to scale newer heights
During the Financial Year ending on March 31st, 2023, The Cosmos Cooperative Bank Ltd., has earned a net profit of Rs 151 Crore and netted […]
‘No relation to SVB’: India’s SVC Bank acts to calm depositors amid brand name confusion
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 […]
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. […]