depositors
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Cooperatives & Communities
Corruption: Nepal PM talks of tightening coop control
KATHMANDU, January 10, 2024 – The Prime Minister of Nepal, Pushpa Kamal Dahal directed the Ministry of Finance to propose a tangible solution for addressing the grievances of cooperative victims. Over the…
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International
General Meeting okays merger of two cooperative banks in India
NEW DELHI– In the Special General Meeting held recently the Cosmos Cooperative Bank Ltd., received approval from members with majority votes for merger of the Sahebrao Deshmukh Sahakari Bank Ltd., and Maratha…
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Cooperatives & Communities
Indian 110-year-old Rupee Cooperative Bank liquidated
NEW DELHI-The Reserve Bank of India [RBI] in August announced that it had withdrawn the Pune-based Rupee Cooperative Bank’s banking licence and asked the Registrar of Cooperative Societies to liquidate it. The…
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News
Depositors rush to withdraw their money as Afriland First Bank closes
KAMPALA– Depositors of Afriland First Bank Uganda Limited are running to its head office to salvage their money as well but also open new accounts with other commercial banks after the former…
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News
Post Bank posts 15.8 percent growth in gross profit
KAMPALA – As Post Bank continues to celebrate the milestone of getting a Tier One License from Bank of Uganda [BoU] to operate as a fully-fledged commercial bank, latest financial statistics show the…
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Cooperatives & Communities
India cautions people not to deposit funds with three Sahara co-operatives
NEW DELHI – India’s Ministry of Cooperation has asked depositors to be aware of a Delhi High Court judgment, whereby the court has asked three co-operatives (co-ops) under the Sahara group not…
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