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Amit Shah launches digital apps for urban co-op banks, sets target of one UCB per townUnion Cooperation Minister Amit Shah launched Sahakar Digi Pay and Sahakar Digi Loan apps for urban cooperative banks. Digital payment adop...- RBI governor Sanjay Malhotra urges urban cooperative banks to regain depositors' trustRBI Governor Sanjay Malhotra advises urban cooperative banks to boost depositor trust, enhance customer service, and ensure resilience agai...
- RBI guv Sanjay Malhotra asks UCBs to remain operationally resilientRBI Governor Sanjay Malhotra urged urban cooperative banks (UCBs) to strengthen resilience against IT and cyber risks during a meeting with...
- Amit Shah launches NUCFDC, sets target to establish one urban cooperative bank in each townCooperation Minister Amit Shah launched the National Urban Cooperative Finance and Development Corporation (NUCFDC) to upgrade urban cooper...
- Govt sets up 47-member panel to draft National Cooperation Policy documentThe new document is being formulated with a view to fulfilling the mandate given to the new ministry of cooperation, which includes realisi...
- In touch with authorities to resolve cooperatives' concerns on RBI regulations: Amit ShahHe said representations received from various quarters, including national cooperative federations such as NAFSCOB and NAFCUB, have highlig...
- Urban co-op banks need to focus on symmetric development, adopt modern banking methods: Amit Shah"There are 1,534 urban cooperative banks, 54 scheduled urban cooperative banks... but the development is uneven. We need symmetric developm...
- PMC Bank depositors should get back deposits without any condition: NCUIReacting to RBI's in principle approval to Centrum Financial Services, NCUI President Dileep Sanghani in a statement said, "This is indeed ...
- Former Union minister Suresh Prabhu to head forum for promoting cooperative movementSeven prominent cooperative leaders would be part of the forum. They are C P Yadav, MP and President of NCUI; U S Awasthi, MD of IFFCO; Dil...
- Umbrella unit to shore up urban co-operative banksUCBs caught media attention in Sep this year when RBI put curbs on PMC bank
- NAFCUB to set up Umbrella Organisation for UCBsThe Umbrella Organisation could be in the form of apex entities, as is the practice in many countries that provide access to resources/capi...
- Single deposit of Rs 2 crore and more to qualify as 'bulk deposit': RBIThe instructions regarding bulk deposits were last reviewed in January 2013 and defined as single rupee deposits of Rs 1 crore and above.
- RBI proposes umbrella body for Urban Cooperative Banks: Depositors can hope for better daysA long-term solution to make the UCB sector financially resilient and to enhance the depositors' confidence is to set up an Umbrella Organi...
- 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...
- Need to lobby for cooperatives at global economic forums: ICAThere is need to lobby for cooperatives at G-20 level so that world economic forums "well recognise" their strength, a top official of Gene...
- Large co-ops to revive failed banksA failed co-operative bank will now be run by a bigger co-operative bank, and not by a government-appointed administrator.
- Conversion of deposits to shares allowedRBI has decided to allow depositors of cooperative banks to convert their money into shares.
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