Search For "cooperative banks"
RBI unveils new corrective action framework for Urban Co-operative Banks
Updated : 1 year, 7 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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Gujarat: Over 1700 Micro ATMs installed at Cooperative Societies in Banask
Updated : 1 year, 8 months ago IST
Notably under this initiative, envisioned by Union Home and Cooperation Minister Amit Shah, over 4 lakh new accounts were opened by cooperative societies and their active members in the District Cooperative Banks of these two districts, resulting in a jump of over Rs. 966 crores in the bank
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After successful pilot, Gujarat to launch 'Cooperation Among Cooperatives'
Updated : 1 year, 8 months ago IST
Notably under this initiative, envisioned by Union Home and Cooperation Minister Amit Shah, over 4 lakh new accounts were opened by cooperative societies and their active members in the District Cooperative Banks of these two districts, resulting in a jump of over Rs. 966 crores in the bank
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Project approved for computerization of 63,000 functional PACS with Rs 2,5
Updated : 2 years, 1 month ago IST
Responding to a query in written reply, Amit Shah also mentioned that the project entails bringing all the functional PACS onto an ERP (Enterprise Resource Planning)-based common national software, linking them with NABARD through State Cooperative Banks (StCBs) and District Central Cooperat
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Blockfenders and LIST Software Pvt. Ltd. Join Forces to Revolutionize Data
Updated : 2 years, 1 month ago IST
Pune (Maharashtra) [India], February 5: In response to the Reserve Bank of India's (RBI) stringent focus on data security for cooperative banks, Blockfenders, a leading data management and operations startup, announces an innovative collaboration with LIST Software Pvt. Ltd., a leading provi
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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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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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Odisha govt announces interest free crop loan up to Rs 1 lakh for farmers
Updated : 2 years, 7 months ago IST
According to an official release, the state government has now decided for dispensation of crop loans up to Rs 1 lakh at 0 per cent interest rate per annum (Interest-free loan) from 1st April — 2022 and for crop loans above Rs 1 lakh to Rs 3 lakh, the applicable rate is 2 per cent for promp
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Agri ministry asks banks to promote Agriculture Infrastructure Funds
Updated : 2 years, 8 months ago IST
According to an official statement from Ministry of Agriculture and Farmers Welfare, this one month-long Campaign (from July 15, 2023 to August 15, 2023) with a target of Rs 7200 crore was launched through Video Conference attended by more than 100 Banking Executives that included MDs/Chairm
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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.
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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.
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I-T searches reveal large-scale fund routing in Karnataka's cooperative ba
Updated : 2 years, 11 months ago IST
"Bogus expenditure booked in this way by these beneficiary business entities could be to the tune of about Rs 1,000 crore," according to an official release which stated that the exercise started on March 31 and covered a total of 16 premises.
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