Reserve Bank of India
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News
Scheduled coop banks in India to work at par with national banks
NEW DELHI, Febraury 8, 2025 — The Union Ministry of Cooperation has announced that the Government of India plans to equip all scheduled cooperative banks with services equivalent to those offered by…
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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NEW DELHI-The Reserve Bank of India [RBI] in August announced that it had withdrawn the Pune-based Rupee Cooperative Bank’s banking licence and asked the Registrar of Cooperative Societies to liquidate it.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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International
Indian bank penalised for upgrading loan accounts without recovery
NEW DELHI– According to several Indian news outlets, Bassen Catholic Cooperative Bank [UCB], Vasai is regretting why it did not adhere to the recently issued directives governing accounting processes. This is after…
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