Search For "co operative bank"
Maharashtra government mandates bank accounts for Mumbai housing societies
Updated : 2 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 8: The Mumbai District Central Co-operative Bank Ltd. and The Mumbai District Central Co-operative Housing Federation Ltd. jointly organized an event called 'Sahakar Parishad' for housing societies. The event, held on May 14, 2023, received an overwhelming
Read More
ED arrests ex-Chairman of Seva Vikas Co-op Bank in Rs 429 crore fraud case
Updated : 2 years, 8 months ago IST
The Enforcement Directorate (ED) arrested Amar Sadhuram Mulchandani, former Chairman of Seva Vikas Co-operative Bank on July 1 under the Prevention of Money Laundering Act (PMLA), 2002 in Seva Vikas Co-operative Bank fraud case, the agency said on Wednesday.
Read More
UP: BJP bags victory in district co-operative bank elections, CM Yogi cong
Updated : 2 years, 8 months ago IST
The Uttar Pradesh Bharatiya Janata Party (BJP) under the leadership of Chief Minister Yogi Adityanath on Friday won in the election of chairman and deputy chairman of district cooperative banks.
Read More
Centre announces 4 initiatives to strengthen 1,514 Urban co-operative bank
Updated : 2 years, 9 months ago IST
"In a significant move, the Central government on Friday took four important initiatives to strengthen 1,514 Urban Co-operative Banks (UCBs) in the country realising Prime Minister Narendra Modi's vision of 'Sahakar se Samridhi," the statement said.
Read More
RBI Governor meets heads of Urban co-operative bank federations
Updated : 2 years, 10 months ago IST
He held a meeting with the National Federation of Urban Co-operative Banks and Credit Societies Limited (NAFCUB), select Federations of UCBs from various States and the CEOs of select UCBs.
Read More
RBI imposes Rs 3-lakh penalty on Shirpur Peoples' Co-operative Bank in Mah
Updated : 3 years, 2 months ago IST
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, RBI said.
Read More
Nagar Urban Co-operative Bank Ahmednagar put under RBI 'directions'
Updated : 3 years, 3 months ago IST
Deposit withdrawal will be restricted to Rs 10,000 per depositor during the entire six months that the Bank will be under directions, with effect from the close of business on December 6.
Read More
ED attaches Rs 31-crore assets of commission agent of cooperative bank
Updated : 3 years, 3 months ago IST
The agency said the attached assets included 20 immovable properties consisting of land and building in Kerala, two vehicles (Innova and Audi), Rs 3,40,000 cash in Indian rupee and foreign currency equivalent to Rs 2,08,124, totalling to Rs 5,48,124, and balances in 57 bank accounts belongin
Read More
RBI imposes Rs 5-lakh penalty on Bharat Co-operative Bank
Updated : 3 years, 3 months ago IST
The penalty was slapped on the non-adherence, violation of directions issued under exposure norms and statutory or other restrictions - urban cooperative banks, the central bank said.
Read More
RBI imposes Rs 50-lakh fine on Bharat Co-operative Bank
Updated : 3 years, 3 months ago IST
The central bank said this penalty had been imposed in exercise of powers vested in RBI conferred under Banking Regulation Act, 1949, according to a statement of the central bank released on Monday.
Read More
RBI slaps Rs 1.25-crore penalty on Zoroastrian Co-operative Bank
Updated : 3 years, 3 months ago IST
This action is based on a deficiency in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, the RBI said in the statement.
Read More
RBI imposes Rs 3 lakh penalty on Parwanoo Urban Co-operative Bank
Updated : 3 years, 3 months ago IST
The central bank has said the action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Read More