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RBI issues guidelines for amalgamation of district central co-op banks with state co-op banksThe Banking Regulation (Amendment) Act, 2020 has been notified for the StCBs and DCCBs with effect from April 1, 2021. Amalgamation of such...- PACS should be banking correspondents for central co-operative banks: RBI"PACS should function as business correspondents for central co-operative banks or CCBs rather than as banks", Prakash Bakshi said.
- RBI appoints committee to review cooperative credit structureThe terms of reference of the committee among other thing will include suggesting appropriate mechanism for consolidation by way of amalgam...
- RBI to constitute committee to review the cooperative credit structureThe Reserve Bank of India has decided to constitute a committee to review the existing short term cooperative credit structure (STCCS).
- Pranab asks states, banks to extend banking access to allFinance Minister Pranab Mukherji Monday asked the central and western states and public sector banks to extend mainstream banking facilitie...
- ADB, World Bank to give $1.6 bn aid to IndiaAsian Development Bank and World Bank have agreed to provide financial assistance of $1.6 billion for strengthening the rural cooperative c...
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