As part of efforts to support business expansion, Urban Cooperative Banks (UCBs) have been permitted to open new branches, enabling wider outreach and improved customer access. In a move aimed at boosting credit flow, the permissible housing loan exposure of UCBs has been raised to 25 per ce
Reserve Bank of India Governor Sanjay Malhotra on Friday announced a set of measures aimed at enhancing customer protection, advancing financial inclusion, enhance flow of credit, strengthening urban cooperative banks (UCBs), promoting ease of doing business for NBFCs, and deepening financia
Union Home and Cooperation Minister Amit Shah on Monday said that India has achieved remarkable success in strengthening its cooperative banking sector, with Non-Performing Assets (NPAs) reduced from 2.8 per cent to just 0.06 per cent over the past two years.
Union Home and Cooperation Minister Amit Shah will inaugurate the "CO-OP Kumbh 2025," an international conference on Urban Cooperative Banks, to be held at Vigyan Bhawan, New Delhi, on November 10 and 11, 2025. The two-day event is being organised by the National Federation of Urban Cooperat
The Unique Identification Authority of India (UIDAI) has rolled out a new framework to onboard Cooperative Banks and enable them to deliver Aadhaar-based authentication services, giving a strong push to last-mile banking and digital inclusion, the Ministry of Electronics & IT said in a r
Addressing the Acknowledgement Ceremony organised by the Gujarat State Co-Operative Agricultural And Rural Development Bank Ltd (Kheti Bank) in Gandhinagar, the CM stated that Gujarat's cooperative banks had set an example for the rest of the country, and Kheti Bank has earned the trust of f
The Enforcement Directorate (ED) on Wednesday launched searches at more than 15 locations in and around Bengaluru in connection with a multi-crore cheating case involving three cooperative banks -- Shushruti Souhardha Bank, Shruthi Souharda Bank, and Shree Lakshmi Souharda Bank.
Minister of Rural Development Raghavji Patel, Minister of State for Cooperation Jagdish Vishwakarma, and Minister of State for Rural Development Kunvarji Halpati also attended this meeting.
Patna (Bihar) [India], April 14: In a significant step toward modernizing its banking operations, The Bihar State Cooperative Bank Ltd. (BSCB) has entrusted PruTech Solutions with the responsibility of driving its digital transformation. This large-scale initiative will integrate advanced te
Urban Cooperative Banks need to be mindful of their responsibilities, particularly the trust reposed on them by the depositors, said RBI Governor Sanjay Malhotra.
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
The bill provides for amending the Reserve Bank of India Act, 1934, Banking Regulation Act 1949, State Bank of India Act, 1955, Banking Companies (Acquisition and Transfer of Undertakings) Act 1970, and Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980.