Reserve Bank of India (RBI) has imposed monetary penalties on seven cooperative banks citing violation of various rules and regulations. Of RBI has levied a fine of Rs28 lakh, the highest among these cooperative banks, on Lucknow-based Uttar Pradesh Cooperative Bank Ltd.
Tasked with the job of ensuring uninterrupted credit supply to the farming activities through co-op banks and RRBs, the Nabard has achieved a remarkable feat in the financial year 2021-22 by raising the stake to Rs
Inclusion of Non-Scheduled Urban Co-operative Banks, State Co-operative Banks and District Central Co-operative Banks as Member Lending Institutions by the CGTMSE, has led to rounds of cheers among the