Search For "urban co operative banks"
RBI to end pause on licensing for new Urban Co-operative Banks, proposes R
Updated : 6 months ago IST
"Since 2004, licensing for Urban Co-operative Banks (UCBs) had been paused. Considering the positive developments in the sector during the last two decades and in response to the growing demand from the stakeholders, we propose to publish a discussion paper on licensing of new UCBs," RBI sai
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NAFCUB's International Conference - "Co-op Kumbh 2025" inaugurated by Shri
Updated : 8 months ago IST
New Delhi [India], November 15: The National Federation of Urban Co-operative Banks and Credit Societies (NAFCUB) successfully inaugurated its landmark International Conference on Urban Cooperative Credit Sector - "Co-op Kumbh 2025" at Vigyan Bhawan, New Delhi, on 10th November 2025. The two
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RBI unveils new corrective action framework for Urban Co-operative Banks
Updated : 1 year, 11 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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RBI holds conference for heads of assurance functions at Urban Co-operativ
Updated : 2 years, 1 month ago IST
According to RBI press release, this conference, attended by about 300 participants representing more than 120 UCBs, focused on enhancing the resilience of the financial system through effective assurance functions.
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RBI discusses ways to strengthen cybersecurity with urban co-operative ban
Updated : 2 years, 5 months ago IST
According to RBI, themed around 'Governance in UCBs: Combating Cyber Threats and Enhancing Resilience,' the conference aimed to address the escalating challenges of cybersecurity faced by Urban Co-operative Banks.
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RBI levies Rs 2 lakh penalty on Halol Urban Co-operative Bank for regulato
Updated : 2 years, 6 months ago IST
The penalty is a result of the bank's non-compliance with various directives issued by the RBI, including those pertaining to 'Loans and Advances to directors, relatives, and firms/concerns in which they are interested,' 'Placement of Deposits with Other Banks by Primary (Urban) Co-operative
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RBI levies Rs 7 lakh penalty on Navsarjan Industrial Co-operative Bank for
Updated : 2 years, 6 months ago IST
According to RBI, this penalty, enacted through an order dated December 14, 2023, has been imposed due to the bank's non-compliance with RBI directives on 'Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs),' 'Reserve Bank of India (Know Your Customer (KYC))
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RBI imposes Rs 3 lakh penalty on Mehsana Jilla Panchayat Karmachari Co-ope
Updated : 2 years, 6 months ago IST
According to RBI, the penalty, dated December 13, 2023, has been enforced due to the bank's non-compliance with RBI directives concerning the 'Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)' and violations of Section 26A(2) read with Section 56 of the Ban
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RBI imposes monetary penalty on three co-operative banks in Gujarat
Updated : 2 years, 6 months ago IST
The Reserve Bank of India (RBI) on Thursday said that it has imposed a monetary penalty of Rs 50,000 on Gujarat-based Panchsheel Mercantile Co-operative Bank in Surat for non-compliance with the directions issued by it on 'Placement of Deposits with Other Banks by Primary (Urban) Co-operativ
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RBI imposes monetary penalty of Rs 2 lakh on Sardargunj Mercantile Co-oper
Updated : 2 years, 6 months ago IST
The Reserve Bank of India (RBI) on Thursday issued an order imposing a monetary penalty of Rs 2 lakh on Gujarat-based Sardargunj Mercantile Co-operative Bank Limited in Patan, for non-compliance with the directions issued by the central bank on 'Placement of Deposits with Other Banks by Prim
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Centre announces 4 initiatives to strengthen 1,514 Urban co-operative bank
Updated : 3 years, 1 month 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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RBI Governor meets heads of Urban co-operative bank federations
Updated : 3 years, 2 months ago IST
He held a meeting with the National Federation of Urban Co-operative Banks and Credit Societies Limited (NAFCUB), select Federations of UCBs from various States and the CEOs of select UCBs.
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