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RBI penalizes four co-op banks; extends Directions on two

While four Co-op Banks have been levied with penalties totalling more than Rs 44 lakhs by the RBI, the other ....

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Karnataka: I-T dept detects Rs 1k cr bogus expenditure after raids on co-op banks

The Income-tax department has detected ”bogus” expenditure and alleged financial irregularities worth Rs 1,000 crore after it raided some cooperative banks in poll-bound Karnataka sometime ago, the CBDT. ....

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Kumar visits Rajkot Bank; assures to help resolve issues before RBI

Addressing representatives of multi- state cooperative banks in Rajkot, Gujarat, Gyanesh Kumar Secretary, t ....

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Chairmen Emeritus in danger of losing their designations

The latest Circular from RBI on the issue of Honorary Designations in Urban Cooperative Banks, is sure to affect some of the high profile co-operators including H K Patil and Mukund Abhyankar. In its letter to UCBs, the RBI says “It has been observed during the course of supervisory reviews that some of the Urban […] ....

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Relieving Covid pains: Co-operators hail RBI's decision on dividend pay-out

Relieving Covid pains: Co-operators hail RBI's decision on dividend pay-out
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