Search For "cooperative bank"
RBI imposes Rs 50,000 penalty on the Stambhadri Co-operative Urban Bank fo
Updated : 2 years, 2 months ago IST
The central bank, through an order dated December 19, 2023, has imposed a monetary penalty of Rs 50,000 on the cooperative bank. This penalty has been levied due to the bank's non-compliance with specific directives issued by the RBI.
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RBI imposes monetary penalty of Rs 1.50 lakh on Bhuj Commercial Co-operati
Updated : 2 years, 2 months ago IST
The Reserve Bank of India (RBI) on Thursday said that it has imposed a monetary penalty of Rs 1.50 lakh on the Bhuj Commercial Co-operative Bank, which is situated in Kachchh, Gujarat.
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RBI imposes monetary penalty of Rs 5 lakh on Gujarat-based co-operative ba
Updated : 2 years, 2 months ago IST
The Reserve Bank of India (RBI) on Thursday said that it has imposed a monetary penalty of Rs 5 lakh on Shree Bharat Cooperative Bank Limited, which is situated in Vadodara, Gujarat.
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Karnataka govt orders CBI inquiry into frauds in three Bengaluru-based coo
Updated : 2 years, 3 months ago IST
For a long time, investors and depositors have been demanding a probe by the Central Bureau of Investigation (CBI) into the functioning of Sri Guru Raghavendra, Guru Sarvabhouma and Vashishta Cooperative Banks in Bengaluru.
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RBI supersedes Board of Directors of Abhyudaya Cooperative Bank for 12 mon
Updated : 2 years, 3 months ago IST
The action against the Abhyudaya Cooperative Bank Ltd was needed due to "certain material concerns emanating from poor governance standards" observed in the bank.
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ED attaches assets worth Rs 4.34 crore in Pulpally Service Cooperative Ban
Updated : 2 years, 4 months ago IST
The attached assets include immovable properties belonging to KK Abraham, the then President, then Secretary, other Board members and Sajeevan KT, a private person.
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CM Sukhu launches 'Sapnon Ka Sanchay' deposit-linked loan scheme of Cooper
Updated : 2 years, 4 months ago IST
Chief Minister Sukhvinder Singh Sukhu launched the Himachal Pradesh State Cooperative Bank's 'Sapno Ka'Sanchay' Deposit-Linked Loan Scheme at the bank's headquarters on Mall Road here on Friday.
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People's savings at risk: Anil Antony on corruption in Kerala cooperative
Updated : 2 years, 5 months ago IST
"..In the last three months, some shocking revelations have come where in hundreds, thousands of cooperative banks across Kerala tens of thousands, even lakhs of common people who have deposited their life's savings...now all that is at risk because of severe banking irregularities and scams
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BJP leader demands high-level probe into Kerala's Karuvannur cooperative b
Updated : 2 years, 5 months ago IST
Kerala BJP State General Secretary M T Ramesh has demanded a high-level inquiry into the Karuvannur Cooperative Bank scam, alleging that it is part of a larger corruption scandal involving the ruling CPI(M) party.
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Culprits getting protection from Chief Minister Pinarayi Vijayan: Kerala B
Updated : 2 years, 5 months ago IST
The BJP State President said, "There is no political pressure from BJP, the investigation is going on as per the rule of the law. The crime branch investigated this case earlier and they tried to protect the culprits. The poor farmers, street vendors, and common man have lost the money in Ka
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Kerala: ED arrests two in connection with Thrissur's Karuvannur bank fraud
Updated : 2 years, 6 months ago IST
The two accused identified as Benami client Sathish Kumar and Kiran P P, who was the bank's collection agent, were arrested on Monday, the ED said. They were later produced in the Kaloor PML court.
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ED searches 5 locations in Kerala in connection with Thrissur's Karuvannur
Updated : 2 years, 6 months ago IST
The Enforcement Directorate (ED) carried out search operations at 5 locations in Kerala in connection with the alleged 200-crore bank fraud in Thrissur’s Karuvannur Cooperative Bank under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA), said officials on Wednes
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