RBI imposes penalties on nine cooperative banks for violating compliances

Nov 15, 2022

Those banks are The Berhampur Cooperative Urban Bank, The Kendrapara Urban Co-operative Bank , The Jamshedpur Urban Cooperative Bank, Krishna Mercantile Co-operative Bank ,...

RBI caps deposit withdrawal from ailing National Co-operative Bank at Rs 50,000

Jul 25, 2023

The Reserve Bank of India (RBI) has imposed certain restrictions on Bengaluru-based ailing The National Co-operative Bank Ltd and capped deposit withdrawal at Rs...

HDFC Life and NKGSB Co-Operative Bank Enter into a Corporate Tie-Up

Dec 21, 2023

Mumbai (Maharashtra) [India], December 21: HDFC Life, one of India's leading insurers, and NKGSB Co-operative Bank Ltd, having a legacy of 106 years, have...

Reserve Bank of India penalizes Pusad Urban Co-operative Bank Ltd. for non-compliance

Feb 12, 2024

According to a press release, the penalty was levied due to the bank's failure to comply with RBI directives concerning 'Income Recognition, Asset Classification,...

RBI imposes Rs 43.30 lakh penalty on Zoroastrian Co-operative Bank

Feb 08, 2024

The Reserve Bank of India (RBI) said on Thursday that it has imposed a monetary penalty of Rs 43.30 lakh on Zoroastrian Co-operative Bank...

Maharashtra government mandates bank accounts for Mumbai housing societies at Mumbai District Central Co-operative Bank

Jul 08, 2023

Mumbai (Maharashtra) [India], July 8: The Mumbai District Central Co-operative Bank Ltd. and The Mumbai District Central Co-operative Housing Federation Ltd. jointly organized an...