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Cooperative
This Uttar Pradesh-based co-operative bank’s business ceases as RBI cancels the licence
PTI | | Posted by Singh Rahul Sunilkumar The Reserve Bank of India (RBI) on Wednesday said it has cancelled the licence of Uttar Pradesh-based United India Co-operative Bank Limited, citing lack of adequate capital and earning…
RBI Cancels Licences Of Two Cooperative Banks Due To Inadequate Capital – News18
Harihareshwar Sahakari Bank business will be closed with effect from July 11.Harihareshwar Sahakari Bank business has been closed with effect from July 11.
The Reserve Bank of India (RBI) has cancelled the licences of two cooperative…
Credit Societies: OneStack secures $2 million funding to empower cooperative banks and credit…
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…
RBI Slaps Rs 65 Lakh Fine On Hyderabad-based AP Mahesh Co-operative Bank – News18
RBI and police found significant lapses in the bank's security measures.The RBI's cyber audit, along with the investigation conducted by the Hyderabad Police, identified significant lapses in the bank's security measures.
The Reserve…
RBI Cancels Licences Of These Two Co-operative Banks – News18
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)…
Cooperative Banks Will Soon Be Able To Do Compromise Settlements, Write-offs On NPAs: RBI
Till now, this avenue for dud asset resolutions was available only with scheduled commercial banks and select non-bank finance companies.RBI has decided to widen the scope of the framework for resolution of stressed assetsReserve Bank…
Cooperative banks will soon be able to do compromise settlements, write-offs on NPAs: RBI Guv
Reserve Bank of India Governor Shaktikanta Das on Thursday said cooperative lenders will soon be able to do technical write-offs and execute compromise settlements with defaulting borrowers.RBI has decided to widen the scope of the…
Pacs: Cabinet approves a mega plan of Rs 1 lakh crore to create grain storage capacity in…
NEW DELHI: The Cabineton Wednesday approved a Rs 1 lakh crore plan to create the world’s largest grain storage capacity in India in the cooperative sector through convergence of various existing schemes of the ministries of agriculture,…
Co-operative Bank ‘exploring potential sale’
The Co-operative Bank is considering putting itself up for sale, sources say.The proposal is one of a number of options under review for the firm's future after it called in advisers at PJT Partners and Fenchurch Advisory.
The…