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CREDIT COOPERATIVE SOCIETIES
RBI cancels licence of Karnataka-based Shree Mahalaxmi Urban Co-operative Credit BankThe Reserve Bank of India has cancelled the banking license of Karnataka-based Shree Mahalaxmi Urban Co-operative Credit Bank due to its de...- Quote of the day by ex-American President Harry S Truman: 'Three things can ruin a man: power, money and women...' Lessons on the dangers of excess from the US leaderFormer US President Harry S. Truman famously warned that power, money, and women can ruin a man. His quote highlights how excessive pursuit...
- Over 100-year-old cooperative society transforming lives of farmers in PunjabA century-old cooperative in Punjab's Hoshiarpur district is empowering farmers with loans, equipment rentals, and ultra-low-cost biogas. T...
- CBI arrests two main accused in Uttarakhand LUCC chit fund scamThe CBI has apprehended two key figures in the Rs 800 crore LUCC chitfund scam. Kishan Jain and Pankaj Jain were arrested in Mumbai. Over o...
- Bharat Taxi emerges as World's largest mobility cooperative with over 35 lakh users, 6 lakh driversBharat Taxi is revolutionizing mobility in Gujarat. Drivers now own the platform, receiving 100% of ride earnings. This driver-owned model ...
- Money laundering case: Court sends 'godman' Ashok Kharat in judicial custodySelf-styled godman Ashok Kharat has been sent to 14-day judicial custody. He faces money laundering charges involving over Rs 47 crore. The...
- RBI cancels licence of Maharashtra-based The Yashwant Co-op BankThe Reserve Bank of India has cancelled the license of The Yashwant Co-operative Bank, Phaltan, Maharashtra, citing inadequate capital and ...
- RBI cancels licence of Mumbai-based Sarvodaya Co-operative BankThe Reserve Bank of India has made the tough call to withdraw the license of Sarvodaya Co-operative Bank, a decision rooted in the bank's f...
- India-Suriname ties rooted in 'family' bond: EAM Jaishankar
- Tweak sought in capital norms for urban co-operative bank licenceIn an effort to invigorate the co-operative banking landscape, the Reserve Bank of India is contemplating a significant reduction in the mi...
- Arabic proverb of the day: 'Do good and throw it in the sea; if the fish don't know, the Creator will'-The timeless Arabic Proverb that redefines kindnessArabic proverb of the day: An ancient Arabic proverb teaches the power of selfless kindness. It advises doing good deeds without expecting ...
- Maharashtra: ED raids in money laundering case against self-styled godman Ashok KharatThe Enforcement Directorate has escalated its investigation with simultaneous searches across Maharashtra, focusing on the self-proclaimed ...
- Activist's Kharat financial transaction claim: Rohit Pawar casts fresh doubts on Jan 28 plane crashMLA Rohit Pawar has raised fresh doubts about the January 28 plane crash that killed Ajit Pawar, citing activist Anjali Damania's allegatio...
- Amit Shah launches portal to refund money of four Sahara Coops investorsShah assured the depositors that no one can stop their money now and that they will get the refund in 45 days after registering on the port...
- ED attaches Rs 60.4 cr worth assets of Malaika Multi State Credit Co-op Society on fraud chargesThe ED said the investigation revealed that Malaika Multistate Credit Cooperative Society (MMCCS) was established in 2010 by Gilbert Baptis...
- IT Dept detects gross irregularities, funds diversion after raids on Bengaluru credit coop societiesThe Income Tax Department has allegedly found "gross irregularities" and the involvement of the promoters in "siphoning off" public funds a...
- Government orders winding up of 44 multi-state credit cooperative societies in 9 states, UTs: Amit ShahShah, in a written reply to the Lok Sabha, said, "Complaints have been received for non-repayment of funds against some of the multi-State ...
- Adarsh Coop scam accused says used loan to buy Rs 225 cr fabricThe Serious Fraud Investigation Office (SFIO) revealed in its report that the Ahmedabad-based Adarsh Credit Cooperative Society had purchas...
- Oxigen ties up with Adarsh Credit Cooperative SocietyThrough this partnership Oxigen aims to deploy these terminals across 1 lakh agents who are also referred to as the advisors of the credit ...
- Co-operative societies, PACS are not allowed to raise public deposits, RBI cautionsSuch co-operative societies have neither been issued any licence under Banking Regulation Act, 1949 nor are they authorized for doing banki...
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