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COOPERATIVE BANKS NEWS
Cooperative banks will soon be able to do compromise settlements, write-offs on NPAs: RBI guv
June 08, 2023 1:52 pm
RBI has decided to widen the scope of the framework for resolution of stressed assets, under which all the regulated entities including cooperative lenders will now be able to execute "compromise settlements and technical write-offs" to resolve non-performing assets, Das said.
AMC mistakenly seals cooperative bank
March 04, 2023 12:47 am
According to Vikas Sharma, the senior manager at the Abhyudaya Cooperative Bank's regional office, the bank was sealed at around 7:30 on Friday.
Urban co-op banks need to focus on symmetric development, adopt modern banking methods: Amit Shah
June 23, 2022 2:48 pm
He emphasised on the reforms in urban cooperative banks and asked them to make structural changes, computerise accounting processes and infuse young talent in the sector.
RBI yet to accept old notes, district cooperative banks face losses of Rs 300 crore
June 30, 2017 1:06 am
The Pune DCCB alone has suffered a loss of Rs 20 crore, because of the excess interest they have had to pay to depositors from November.
Bad loans hit cooperative banking sector in state
July 17, 2014 11:53 am
Maharashtra has a 32 per cent share of co-operative banks in the country.
RBI extends restriction on co-op banks for loan against gold coins
June 07, 2013 2:34 pm
Earlier,similar restrictions were imposed on commercial banks.
Nabard chief says cooperative banks not involved in laundering
May 20, 2013 2:46 am
Amid allegations of cooperative banks being used as conduits for money laundering,the National Bank for Agriculture and Rural Development (Nabard),which jointly regulates such lenders,has said that it has found no shortcoming pointing towards any such activity.
Cobrapost sting: NABARD chief gives clean chit to co-operative banks
May 19, 2013 2:47 pm
RBI has maintained that no transaction has happened while the sting also does not point to money laundering.
Cooperatives await clear directive on RTI applicability
April 11, 2013 3:09 am
The 97th amendment to the Constitution is intended to rejuvenate co-operative societies through more autonomy,professional management,prevention of interference and transparency in functioning.
Speaker calls for upgrade of cooperative banks
March 20, 2013 1:26 am
Speaker of the state legislative assembly Dilip Walse-Patil on Monday called for an upgrade of the cooperative banking sector enabling the banks to compete in the present scenario.
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