cooperative banks

OneStack has successfully raised $2 million in its latest funding round to empower cooperative banks and credit societies across the country. The investment comes from a diverse group of investors including growX, Stride, 9Unicorns, Venture…

The two banks will not provide any banking services to customers starting Thursday.RBI has taken this step considering the lack of adequate capital and income potential with the two cooperative banks. The Reserve Bank of India (RBI)…

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Presently, the role of urban cooperative banks is negligible in the total banking sector in terms of deposit and advance payment, Amit Shah said Presently, the role of urban cooperative banks is negligible in the total banking sector in…

The RBI has also proposed to permit rural cooperative banks to extend finance to 'commercial real estate– residential housing'.The individual housing loan limits for UBCs and RCBs were last fixed in 2011 and 2009, respectively, and have now…

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NEW DELHI: With a view to give a boost to the agriculture sector, the government is likely to raise farm credit target to about Rs 18 lakh crore in the Budget 2022-23 to be presented on February 1, according to sources. For the current…

The Parliament passed the DICGC (Amendment) Bill, 2021 during the monsoon session in the wake of RBI-imposed restrictions on PMC Bank last year The Deposit Insurance and Credit Guarantee Corporation (DICGC) has decided to pay the…

New Delhi: Thousands of depositors of stressed banks like Punjab & Maharashtra Cooperative (PMC) Bank are now set to get up to Rs 5 lakh back from November 30 as the government has notified the amendment to the DICGC Act. Parliament…