Govt, RBI roll out measures to improve health of coop banks

As part of efforts to support business expansion, Urban Cooperative Banks (UCBs) have been permitted to open new...

RBI proposes compensation for small-value transaction fraud

Reserve Bank of India Governor Sanjay Malhotra on Friday announced a set of measures aimed at enhancing customer...

RBI to end pause on licensing for new Urban Co-operative Banks

"Since 2004, licensing for Urban Co-operative Banks (UCBs) had been paused. Considering the positive developments in...

UCBs must be mindful of trust reposed by depositors: RBI Governor

Urban Cooperative Banks need to be mindful of their responsibilities, particularly the trust reposed on them by the...

RBI unveils new corrective action framework for UCBs

For urban cooperative banks that are weak or are experiencing financial stress, the RBI had issued a supervisory...

RBI gathers top bank executives to strengthen financial assurance

According to RBI press release, this conference, attended by about 300 participants representing more than 120 UCBs,...

SSCA signs historic Dual Degree Collaboration and MoU

New Delhi [India], April 24: Symbiosis School of Culinary Arts (SSCA), a renowned culinary arts school in India,...

Amit Shah to inaugurate Umbrella Organisation for UCB sector

Union Home Minister Amit Shah, who also holds the portfolio of the Cooperation Ministry will inaugurate the umbrella...

RBI engages co-operative banks directors in CS conference

According to RBI, themed around 'Governance in UCBs: Combating Cyber Threats and Enhancing Resilience,' the...

RBI levies Rs 2 lakh penalty on Halol Urban Co-operative Bank

The penalty is a result of the bank's non-compliance with various directives issued by the RBI, including those...

RBI levies Rs 7 lakh penalty on NICB

According to RBI, this penalty, enacted through an order dated December 14, 2023, has been imposed due to the bank's...

RBI imposes Rs 3 lakh penalty on MJPKCB

According to RBI, the penalty, dated December 13, 2023, has been enforced due to the bank's non-compliance with RBI...