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Rs 500 and Rs 1000 notes banned: Your questions answered by the RBI

Why this scheme? The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even though no security feature has been copied. The fake notes are used for antinational and illegal activities. High denomination notes have been misused by terrorists and for hoarding

India , Head-post-office-or-sub , Government-department , Fake-indian-currency-notes , Reserve-bank , Head-post-office , Issue-offices , State-co-op , Cash-deposit-machine , Cash-deposits , Internet-banking

NAFCUB's 64th AGM: Mehta exhorts UCBs to grow 25% in next 5 years

Assuring delegates of all-out efforts to get the “8-year tenure limit” clause for the elected board members of

Kerala , India , Jyotindra-mehta , Amit-shah , Vidyadhar-anaskar , Vigyan-bhawan , Cooperation-ministry , Ministry-of-cooperation , President-mehta , State-co-op , Nafcub-president , Prime-minister

RBI issues guidelines for DCCBs amalgamation; State approval must

RBI issues guidelines for DCCBs amalgamation; State approval must
RBI & NABARD to jointly vet the merger proposal
In a notification, which is sure to disturb a large chunk of co-op banks in the country, RBI has issued guidelines for the process of amalgamation of the DCCBs with the State Co-op Banks on Monday.
Paraphrasing its notification with the words that RBI is doing so due to request from several state governments, the apex bank has made it mandatory on the part of the state govt to make a proposal/request for the amalgamation, meaning thereby co-op banks on their own cannot do so. However, two DCCBs (without the involvement of state co-op bank) can also decide to amalgamate and ask the state govt to put a proposal on their behalf before the RBI.

Parshottam-rupala , Regional-office-of-reserve-bank , State-co-op-banks , Union-minister-parshottam-rupala , Finance-minister , National-policy , Reserve-bank , State-government , Regional-office , Court-orders , General-body-meeting , State-co-op-bank

Sah Bharati sends Resolutions to FM; seeks broad-based Committee

Sah Bharati sends Resolutions to FM; seeks broad-based Committee
Robust national policy will make India 5 trillion-dollar economy: Sah Bharati
Sahakar Bharati has submitted the Resolutions to the Union Finance Minister Nirmala Sitharaman, which was drafted in the National Conclave of DCCBs held under the aegis of Co-operative Development Forum (CDF) in March at the NCUI headquarters.
The resolution requests the Minister to set up a broad-based Committee of representatives of GOI, State Governments, NITI Aayog, RBI, NABARD, Federal Cooperatives and Co-operators to define the Roles of Co-operative Financial Institutions, particularly, PACs, DCCBs and State Co-op Banks.
Resolution which was unanimously adopted requested the Union Finance Minister that a National Policy be formulated to define the Roles of Co-operative Financial Institutions, particularly, PACs, DCCBs and State Co-op Banks to achieve rapid, equitable and sustainable growth of the Rural and Agricultural Sectors.

Madhya-pradesh , India , Uttarakhand , Uttaranchal , Karnataka , Odisha , Orissa , Delhi , Uttar-pradesh , Kerala , Bihar , Nirmala-sitharaman

CDF will help India grow into 5 trillion-dollar economy: Prabhu

CDF will help India grow into 5 trillion-dollar economy: Prabhu
indiancooperative.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiancooperative.com Daily Mail and Mail on Sunday newspapers.

Surat , Gujarat , India , Uttarakhand , Uttaranchal , Sudhir-mahajan , Dan-singh-rawat , Sanjay-pachpor , Tarun-bhargav , Tarun-bajaj , Dattatreya-hosabale , Chandra-pal-singh-yadav

Sahakar Bharati demands separate Ministry for co-op sector

The National Executive Committee of Sahakar Bharati which is going to be held later this month in Delhi, is going to pitch for the creation of a separate Ministry for the Co-operative sector at the national level.
To be held on 27th & 28th February at the NCUI Auditorium, New Delhi, the NC is going to deliberate many issues including the fact that the concentration of economic and political power in the hands of a few is not conducive for a balanced and equitable growth.
Talking to Indian Cooperative Sahakar Bharati’s National General Secretary Dr Uday Joshi said a cross section of co-operators are opposed to the idea of merger of DCCBs with State Co-op Banks. A full three hours debate will follow PowerPoint Presentation on the subject in the national executive, he added.

Delhi , India , Mahila , Rajasthan , New-delhi , Uday-joshi , Sahakar-bharati , Indian-cooperative-sahakar-bharati-national , National-payment-system , National-executive-committee-of-sahakar-bharati , National-organising-committee , Bonds