Search For "co operative banks"
RBI to end pause on licensing for new Urban Co-operative Banks, proposes R
Updated : 4 months, 3 weeks ago IST
"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
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Indian commercial banking sector remained resilient during 2024-25: RBI Re
Updated : 5 months, 1 week ago IST
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
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NAFCUB's International Conference - "Co-op Kumbh 2025" inaugurated by Shri
Updated : 6 months, 3 weeks ago IST
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
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Bharat Co-operative Bank (Mumbai) Ltd Celebrates Over 4 Decades of Service
Updated : 9 months, 2 weeks ago IST
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
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DoT welcomes RBI advisory mandating banks to integrate financial fraud ris
Updated : 11 months, 1 week ago IST
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
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Cooperation of all, welfare for all, equal distribution of profits should
Updated : 1 year, 6 months ago IST
Cooperation of all, welfare for all, and equal distribution of profits are three good practices that should be at the core of the cooperation sector, and without these it would be difficult to reach the intended goal, Home Minister Amit Shah said, addressing the diamond jubilee celebration o
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RBI unveils new corrective action framework for Urban Co-operative Banks
Updated : 1 year, 10 months ago IST
For urban cooperative banks that are weak or are experiencing financial stress, the RBI had issued a supervisory action framework as an early intervention tool for bringing about desired improvements in those entities.
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RBI holds conference for heads of assurance functions at Urban Co-operativ
Updated : 2 years ago IST
According to RBI press release, this conference, attended by about 300 participants representing more than 120 UCBs, focused on enhancing the resilience of the financial system through effective assurance functions.
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RBI discusses ways to strengthen cybersecurity with urban co-operative ban
Updated : 2 years, 4 months ago IST
According to RBI, themed around 'Governance in UCBs: Combating Cyber Threats and Enhancing Resilience,' the conference aimed to address the escalating challenges of cybersecurity faced by Urban Co-operative Banks.
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RBI levies Rs 2 lakh penalty on Halol Urban Co-operative Bank for regulato
Updated : 2 years, 4 months ago IST
The penalty is a result of the bank's non-compliance with various directives issued by the RBI, including those pertaining to 'Loans and Advances to directors, relatives, and firms/concerns in which they are interested,' 'Placement of Deposits with Other Banks by Primary (Urban) Co-operative
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RBI levies Rs 7 lakh penalty on Navsarjan Industrial Co-operative Bank for
Updated : 2 years, 4 months ago IST
According to RBI, this penalty, enacted through an order dated December 14, 2023, has been imposed due to the bank's non-compliance with RBI directives on 'Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs),' 'Reserve Bank of India (Know Your Customer (KYC))
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RBI imposes Rs 3 lakh penalty on Mehsana Jilla Panchayat Karmachari Co-ope
Updated : 2 years, 4 months ago IST
According to RBI, the penalty, dated December 13, 2023, has been enforced due to the bank's non-compliance with RBI directives concerning the 'Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)' and violations of Section 26A(2) read with Section 56 of the Ban
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