RBI Imposes Monetary Penalties On Four Co-operative Banks
The penalty on Rajkot Nagarik Sahakari Bank was imposed for granting loans to companies in which the bank's directors held interests.
Apr 18, 2024, 20:53 PM IST
RBI imposes penalties on 3 co-operative banks
The central bank said a penalty of Rs 2 lakh has been imposed on Kokan Mercantile Co-operative Bank Ltd., Mumbai for similar non-compliance.
Apr 04, 2022, 22:24 PM IST
Rohini Khadse Khewalkar - Redefining The Banking Sector With Resilience
Advocate Rohini Khadse Khewalkar or ‘Rohini Tai has been a torchbearer of versatility and dynamism, having worked on rigorous initiatives in socio-economic and political regimes. Rohini Tai is not only adept at the legal framework, but has also had a successful run in politics.
Sep 15, 2021, 14:39 PM IST
Sharad Pawar slams RBI policies towards cooperative banks, says 'give reins to specific people'
Maharashtra has a strong network of cooperative bodies, which also forms a support base for the NCP and Congress who share power with Shiv Sena in the Maha Vikas Aghadi government.
Sep 07, 2021, 22:12 PM IST
Good news! PMC Bank depositors to get up to Rs 5 lakh back from Nov 30 as govt takes THIS move
The benefit will also accrue to the depositors of 23 cooperative banks which are under financial stress and on which the Reserve Bank of India (RBI) has imposed certain restrictions. DICGC, a wholly-owned subsidiary of the RBI, provides insurance cover on bank deposits.
Aug 31, 2021, 08:33 AM IST
Lok Sabha passes Banking Regulation bill to bring cooperative banks under RBI supervision
The bill, which comes in the backdrop of the PMC Bank scam, seeks to strengthen cooperative banks by increasing their professionalism, enabling access to capital, improving governance and ensuring sound banking through the RBI.
Sep 17, 2020, 01:57 AM IST
Cabinet approves to bring 1,540 cooperative banks under RBI's supervision: Prakash Javadekar
Javdekar said the Cabinet meeting, chaired by Prime Minister Narendra Modi, approved a scheme for interest subvention of 2% to SHISHU loan category borrowers under Pradhan Mantri Mudra Yojana (PMMY).
Jun 24, 2020, 17:28 PM IST
No IT exemption to cooperative banks: Govt tells Lok Sabha
Income tax is a tax on profits and there is no rationale for exempting profit-making cooperative banks from payment of income tax, government said.
Dec 29, 2017, 13:09 PM IST
Banks, MFs should obtain identification nos for filing SFT
The Income Tax department on Friday said banks, mutual funds and financial institutions should obtain an identification number and file the statement of financial transaction (SFT) by May 31.
May 26, 2017, 16:22 PM IST
Lack of professionalism, resisting tech ailing coop banks: RBI
Coming down hard on cooperative banks, RBI Deputy Governor R Gandhi on Friday said their share is below 5 percent despite large number, as they have not kept pace with technological advances and lack professionalism.
Jun 19, 2015, 19:51 PM IST
Cooperative banks allowed to double gold loan under bullet repayment
The Reserve Bank on Thursday doubled to Rs 2 lakh the amount of loan furnished by cooperative banks under the Gold Loan - Bullet Repayment scheme.
Jan 08, 2015, 19:13 PM IST
Govt approves to revive 23 ailing cooperative banks
The government on Wednesday approved a move to revive 23 ailing cooperative banks in four states that would require a capital infusion of about Rs 2,375 crore.
Nov 05, 2014, 21:20 PM IST
