RBI revises Co-op banks’ financial statements format
RBI stated that in terms of Section 29, read with Section 56 of the Banking Regulation Act, 1949, co-operative banks
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co-operative banks
RBI imposes monetary penalty on four co-operative banks for rule violations
The Reserve Bank of India (RBI) said it has imposed monetary penalty on four co-operative banks for rule violations. These
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RBI flags high interconnectedness of SFBs with co-operative banks
RBI has flagged the interconnectedness of small finance banks (SFBs) with co-operative banks via the bulk deposit route. “SFBs serve
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RBI imposes monetary penalty on 4 co-operative banks
The Reserve Bank of India (RBI) has imposed monetary penalties on four co-operative banks for deficiencies in regulatory compliance. These
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RBI’s deposit insurance arm to pay depositors of two co-operative banks in August
DICGC will pay the eligible depositors of Shankarrao Pujari Nutan Sahakari Bank, Ichalkaranji, and Harihareshwar Sahakari Bank, next month. DICGC,
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RBI penalises 3 co-operative banks
The Reserve Bank said it has imposed penalty on three cooperatives banks. In a statement, the RBI said a penalty
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Home loan limit doubles for individual borrowers in co-operative banks
RBI has increased the upper limit of home loan amount by at least 100% for the individual borrowers of Primary
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Co-operative Banks permitted more activities at par with commercial banks
Co-operative banks will be eligible for more services at par with commercial banks. Besides, enhancing limits on housing loans, they
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RBI imposes penalty on Co-operative Banks
RBI said it has imposed a penalty of Rs 58 lakh on Abhyudaya Co-operative Bank Limited, Mumbai for noncompliance with
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DICGC doles out Rs 3.5K crore to 22 UCBS
As per the RBI Annual Report 21-22, settlement of claims of liquidated urban co-operative banks totaling Rs 1,225 crore and
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