Live Breaking News & Updates on Kapol cooperative bank

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RBI Report: Operating profit of scheduled UCBs rises to Rs 4,632cr

The 51 scheduled urban cooperative banks earned Rs 5,479 crore as interest on investments as on 31st

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Kapol Cooperative Bank: RBI Clarifies Issues Raised by Customers

In the wake of the Reserve Bank of India (RBI)’s recent cancellation of Kapol Cooperative Bank's license, a few customers have faced uncertainty regarding their loan repayments, the status of their accounts and the possible impact on credit scores. Responding to queries from Moneylife Foundation, the RBI has now provided crucial insights into the situation, addressing concerns and outlining the way forward for customers of Kapol Cooperative Bank.

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What Happens to Personal Loans, Borrowings & Credit Scores When RBI Cancels Bank Licences?

The Reserve Bank of India (RBI) has cancelled the licences of over 15 cooperative banks since January 2023 alone. The pace at which cooperative bank licenses have been cancelled has shot up since dual regulation of cooperative banks was cancelled, and they were put under the exclusive regulatory oversight of RBI after the disastrous collapse of Punjab and Maharashtra Cooperative (PMC) Bank.

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RBI cancels licence of The Kapol Co-operative Bank over earnings prospects

The bank has been prohibited from conducting the business of ‘banking’ which includes, among other things, acceptance of deposits and repayment of deposits with immediate effect.

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Kapol Cooperative Bank's Registration Cancelled by RBI

The Reserve Bank of India (RBI) has cancelled the certificate of registration of Mumbai-based Kapol Cooperative Bank Ltd due to inadequate capital and failure to comply with banking regulations.

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No respite for Kapol Co-op Bank

Reserve Bank of India has extended the Direction on the Kapol Cooperative Bank Ltd Mumbai till April 30, 2023, subject to review. The UCB was put under Directions from the close of business on March 30, 2017 for a period of six months. The validity of the directions was extended from time-to-time, the last being Reserve Bank of India has extended the Direction on the Kapol Cooperative Bank Ltd Mumbai till April 30,

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No solution for Kapol Bank yet; Directions extended

Reserve Bank of India has extended the Directions on Kapol Cooperative Bank and said in a release that they

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No respite for Kapol Co-op Bank

RBI has extended the direction on the Kapol Cooperative Bank Ltd Mumbai, Maharashtra for a further period of six months. The UCB was placed under Directions from the close of business on March 30, 201

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No respite for Kapol Co-op Bank

Reserve Bank of India has extended the Direction on Mumbai based Kapol Cooperative Bank for a further period of October 27, 2021, subject to review.

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