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URBAN COOPERATIVE BANKS
RBI to resume urban cooperative banks' licensing after 22-year pause, review rural bank rulesThe Reserve Bank of India will resume urban cooperative bank licensing after a 22-year pause. A comprehensive review of credit monitoring f...- RBI to resume urban cooperative bank licensing process after two decadesThe Reserve Bank of India will resume issuing new licenses for urban cooperative banks. This process has been paused for over two decades d...
- Banks mobilise $27.99 billion via FCNR deposits since RBI introduced USD-rupee forex swap facilityBanks have mobilized USD 27.99 billion from non-resident Indians through a forex swap facility. Domestic payment frauds across all banks am...
- India, Bhutan sign two agreements on Line of Credit, health education cooperation: MEA on Misri's Bhutan visitIndia and Bhutan have signed two agreements during Foreign Secretary Vikram Misri's visit to Bhutan, including a Line of Credit agreement a...
- India, Bhutan approve 12 new PTA projects worth Rs 332 crore, sign Rs 4,000 crore credit lineIndia and Bhutan reviewed development projects during high-level talks. A concessional line of credit worth Rs 4,000 crore was signed. Coop...
- Will consult apartment owners before enacting Ownership Bill: Karnataka CM ShivakumarKarnataka Chief Minister D K Shivakumar assured apartment owners of a new law. This comprehensive legislation will protect their ownership ...
- On This Day in History, July 4: Declaration of Independence proclaimed, Battle of Hattin, Statue of Liberty presented, Philippines gains independence, Higgs boson discovery and moreOn This Day in History, July 4, the United States proclaimed the Declaration of Independence, while other landmark events included the Batt...
- Bad loans may edge up to 1.9% by FY28 despite resilient banks: RBIIndian banks are projected to see a slight increase in bad loans to 1.9% by March 2028, yet the system remains robust with strong capital a...
- Govt pledges extra Rs 30,000 crore for NIIF, move to spur infra investments, says finance ministryThe Indian government has boosted its commitment to the National Investment and Infrastructure Fund (NIIF) by an additional Rs 30,000 crore...
- Maharashtra govt tables Rs 97,706 cr supplementary demands; Rs 20,552 cr for farm loan waiverMaharashtra government tabled supplementary demands of over Rs 97,700 crore, with a significant Rs 20,552 crore earmarked for the farm loan...
- Mizoram CM Lalduhoma highlights role of externally aided projects in Northeast development at Shillong seminarMizoram Chief Minister Lalduhoma said externally aided projects not only provide financial assistance but also bring valuable technical exp...
- Tamil Nadu DCCB housing loan up to Rs 10 lakh: Check eligibility, how to apply, documents needed and moreTN DCCB house loan: Tamil Nadu residents can now access housing loans up to Rs 10 lakh. The scheme, offered through District Central Cooper...
- Delhi police arrests bank deputy manager in Rs 67.92 crore mule account case linked to 159 cyber fraud complaintsDelhi Police apprehended Pabitra Kumar Biswal, a Deputy Manager at National Urban Cooperative Bank. He allegedly facilitated a mule account...
- The safe keepers: Inside India's booming locker economyIndia’s locker economy is booming amid rising gold prices and household wealth. While banks remain the preferred repository, private vault ...
- RBI expresses concern on elevated NPAs of urban cooperative banksThe Reserve Bank of India (RBI) expressed concern about high levels of gross non-performing assets (NPAs) in urban cooperative banks despit...
- RBI imposes penalty on four cooperative banksAfter considering facts of the respective cases and replies, RBI said it came to conclusion that violations were substantiated and warrante...
- RBI panel's recommendations on urban cooperative banks hit industry hurdleMukund Abhyankar said every UCB will also pass resolution against the report and submit the same to RBI so that the recommendations are not...
- RBI cancels licence of Ajmer Urban Cooperative BankThe Reserve Bank has cancelled the licence of Ajmer Urban Cooperative Bank following financial irregularities and heavy debts.
- Urban cooperative banks misused for money launderingUrban Cooperative Banks (UCBs), which hold deposits of over Rs two lakh crore, are being misused for money laundering causing alarm to the ...
- RBI imposes Rs 5 lakh fine on National Urban Cooperative BankThe Reserve Bank has imposed a fine of Rs 5 lakh on the National Urban Cooperative Bank for violation of its guidelines relating to loan sa...
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