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...

NAFCUB’s International Conference – “Co-op Kumbh 2025"

New Delhi [India], November 15: The National Federation of Urban Co-operative Banks and Credit Societies (NAFCUB)...

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,...

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...

RBI imposes monetary penalty on 3 co-operative banks in Gujarat

The Reserve Bank of India (RBI) on Thursday said that it has imposed a monetary penalty of Rs 50,000 on...

RBI imposes monetary penalty of Rs 2 lakh on cooperative bank

The Reserve Bank of India (RBI) on Thursday issued an order imposing a monetary penalty of Rs 2 lakh on...

Centre announces four initiatives to strengthen 1,514 UCB

"In a significant move, the Central government on Friday took four important initiatives to strengthen 1,514 Urban...

RBI Governor meets heads of Urban co-operative bank federations

He held a meeting with the National Federation of Urban Co-operative Banks and Credit Societies Limited (NAFCUB),...