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The Enforcement Directorate attached in Kochi office have started simultaneous raids at the residences of five accused in the Rs

RBI cancels licence of Deccan Urban Co-operative Bank

The Reserve Bank of India said the licence of Deccan Urban Co-operative Bank, Karnataka, has been cancelled as the lender

DICGC will be making payments to the eligible depositors of 17 cooperative banks, including eight from Maharashtra, in October. RBI

Centre has asked the Indian Banks’ Association (IBA) to prepare a viability plan for regional rural banks (RRBs) similar to

Rupee Cooperative Bank will cease to exist as a bank from September 22. Many of high value depositors are senior

Central government has asked sponsor banks to identify regional rural banks (RRBs) that can be listed on the exchanges based

Assuring the cooperative sector that it will no longer be treated like a “second-grade citizen”, Minister for Home and Cooperation

DICGC will pay the eligible depositors of Shankarrao Pujari Nutan Sahakari Bank, Ichalkaranji, and Harihareshwar Sahakari Bank, next month. DICGC,

The Reserve Bank said it has imposed penalty on three cooperatives banks. In a statement, the RBI said a penalty

The Reserve Bank issued fresh provisioning norms for urban cooperative banks’ inter-bank exposure as well as valuation of their perpetual