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URBAN COOPERATIVE BANKING
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...
- 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...
- 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 ...
- Can Elon Musk do to US telecom what Mukesh Ambani did in India?Elon Musk's Starlink is poised to disrupt American telecom giants like AT&T and Verizon. Analysts believe Starlink could change how connect...
- 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...
- RBI highlights strong banking sector health, says lenders can withstand severe shocksIn the fiscal year 2025-26, India's financial landscape demonstrated remarkable stability. Both banks and non-bank entities showcased solid...
- Mid-tier entities in Indian BFSI under-invested in security, most exposed to cyberattacks: ReportIndian mid-tier banks and financial firms face significant cyber risks. They have embraced digital technology but lag in cybersecurity spen...
- RBI tightens norms for re-appointment of directors on UCB boardsThe Reserve Bank of India has introduced new rules for Urban Co-operative Banks. Directors can now serve for a maximum of ten years. Follow...
- Belarus eyes deeper BRICS partnership, strengthens India ties for multipolar worldBelarus eyes full BRICS membership, seeking a multipolar world order. The nation is deepening its strong relationship with India. Key areas...
- Shivalik Small Bank closes in on ManiBhavnam Home FinanceShivalik has received Reserve Bank of India's (RBI) approval for this acquisition while it has sought clearance from the Registrar of Compa...
- Bengal's new BJP govt sanctions three cases including teacher recruitment scam for CBIWest Bengal's new Chief Minister Suvendu Adhikari has approved CBI investigations into three significant recruitment scams. These cases, in...
- RBI rolls out UCB training programmeThe Reserve Bank of India has launched Mission SAKSHAM. This initiative aims to build capacity across all urban cooperative banks nationwid...
- 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...
- 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 slaps Rs 10 lakh penalty on four co-operative banks for issues in regulatory complianceA penalty of Rs 5 lakh has been imposed on Jowai Co-operative Urban Bank Limited. The RBI has also imposed penalty of Rs 2 lakh each on The...
- 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...
- 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 ...
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