"Since 2004, licensing for Urban Co-operative Banks (UCBs) had been paused. Considering the positive developments in the sector during the last two decades and in response to the growing demand from the stakeholders, we propose to publish a discussion paper on licensing of new UCBs," RBI sai
Mumbai (Maharashtra) [India], January 12: SVC Bank, formerly known as The Shamrao Vithal Co-operative Bank Ltd, a multi-state scheduled bank in India, commemorated its Foundation Day, marking the milestone of entering its 120th year of commitment to ethical banking, customer centricity, and
The Indian banking sector showed a strong and steady performance during the 2024-25 period, according to a recent report released by the Reserve Bank of India (RBI). The banking industry maintained its strength through a healthy expansion of its balance sheets, which measures the total value
New Delhi [India], November 15: The National Federation of Urban Co-operative Banks and Credit Societies (NAFCUB) successfully inaugurated its landmark International Conference on Urban Cooperative Credit Sector - "Co-op Kumbh 2025" at Vigyan Bhawan, New Delhi, on 10th November 2025. The two
Bhubaneswar (Odisha) [India], October 16: The Shantidham Foundation, a leading Non-Profit Voluntary Organization based in Bhubaneswar, proudly celebrates 24 years of unwavering commitment to societal betterment with the eighth edition of JHOOM INTERNATIONAL - a one-of-a-kind global talent hu
New Delhi [India], October 6: Umunthu System Private Limited has partnered with Cosmos Co-operative Bank to launch Cosmo Galgal--India's first youth-focused digital banking solution from a co-operative bank. The app features integrated video KYC, enabling users to open accounts anytime, anyw
Mumbai (Maharashtra) [India], August 22: Bharat Bank, one of country's respected multi state scheduled co-operative banks, celebrated its 47th Foundation Day with renewed commitment towards the people it has faithfully served for more than 4 decades. On this special occasion, the bank redesi
Marking a new milestone in the co-operative banking sector, Chief Minister Bhupendra Patel on Sunday inaugurated the fourth branch of The Kukarwada Nagarik Sahakari Bank in Ahmedabad, a press release said.
Chennai (Tamil Nadu) [India], July 15: Royal Sundaram General Insurance Co. Limited (RSGI) and Tamil Nadu State Co-operative Bank (TNSC) are proud to announce the commencement of a strategic corporate agency partnership, effective from 13 May 2025. This landmark collaboration aims to expand
The Department of Telecommunications (DoT) welcomes the Reserve Bank of India's (RBI) advisory issued on June 30, 2025, directing all Scheduled Commercial Banks, Small Finance Banks, Payments Banks, and Co-operative Banks to integrate the Financial Fraud Risk Indicator (FRI) developed by DoT
Mumbai (Maharashtra) [India], March 7: Bharat Co-operative Bank Mumbai Ltd., has entered into a tie up with M/s. Shriram Life Insurance Co. Ltd., for its Life Insurance Products in an event held at The Westin Mumbai Garden City on 01/03/2025. Chairman of Bharat Bank Suryakant Jaya Suvarna in
Account holders in thousands gathered outside Mumbai-headquartered New India Co-operative Bank Limited branches to withdraw their hard-earned savings, soon after the Reserve Bank of India put several restrictions on the lender.