Search For "urban cooperative bank"
Govt, RBI roll out measures to improve health, governance of cooperative b
Updated : 1 month ago IST
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
Read More
RBI proposes compensation for small-value transaction fraud; raises collat
Updated : 1 month ago IST
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
Read More
Amit Shah highlights sharp fall in NPAs; calls for expansion of Cooperativ
Updated : 4 months ago IST
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.
Read More
Amit Shah to inaugurate "CO-OP Kumbh 2025" at Vigyan Bhawan on November 10
Updated : 4 months, 2 weeks ago IST
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
Read More
Urban Cooperative Banks must be mindful of trust reposed by depositors: RB
Updated : 12 months ago IST
Urban Cooperative Banks need to be mindful of their responsibilities, particularly the trust reposed on them by the depositors, said RBI Governor Sanjay Malhotra.
Read More
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.
Read More
RBI cancels licence of Rajasthan-based Sumerpur Mercantile Urban Cooperati
Updated : 2 years ago IST
The Reserve Bank of India (RBI) has cancelled the licence of Sumerpur Mercantile Urban Cooperative Bank Limited, Sumerpur, Pali, Rajasthan. Consequently, the bank ceases to carry on banking business, with effect from the close of business on February 28, 2024.
Read More
Amit Shah to inaugurate Umbrella Organisation for Urban Cooperative Bankin
Updated : 2 years ago IST
Union Home Minister Amit Shah, who also holds the portfolio of the Cooperation Ministry will inaugurate the umbrella organisation for the urban cooperative banking sector on March 2 in New Delhi.
Read More
RBI imposes monetary penalty on Nakodar Hindu Urban Cooperative Bank for v
Updated : 2 years, 1 month ago IST
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, the RBI said.
Read More
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.
Read More
RBI imposes Rs 5-lakh penalty on Bharat Co-operative Bank
Updated : 3 years, 3 months ago IST
The penalty was slapped on the non-adherence, violation of directions issued under exposure norms and statutory or other restrictions - urban cooperative banks, the central bank said.
Read More
RBI imposes penalties on nine cooperative banks for violating compliances
Updated : 3 years, 3 months ago IST
Those banks are The Berhampur Cooperative Urban Bank, The Kendrapara Urban Co-operative Bank , The Jamshedpur Urban Cooperative Bank, Krishna Mercantile Co-operative Bank , Renuka Nagarik Sahakari Bank Maryadit, Jila Sahakari Kendriya Bank Maryadit, Osmanabad Janata Sahakari Bank, The Santra
Read More