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RBI asks urban co-operative banks not to lend to govt entities

Last Updated: Wednesday, May 28, 2014, 14:27

The Reserve Bank of India (RBI) advised urban co-operative banks (UCBs) on Wednesday to refrain from giving large loans to public sector or government entities, saying these transactions go against the core functions of these lenders.

Future Generali eyes higher rural biz from sales tie-ups

Last Updated: Wednesday, October 02, 2013, 18:41

Private sector general insurer Future Generali India Insurance is eyeing higher penetration into rural markets for which it is tying up with co-operative banks to increase its reach, a top company official has said.

Restriction on co-operative banks for loan against gold coins

Last Updated: Friday, June 07, 2013, 14:49

Reserve Bank has extended the restriction on advance against gold on co-operative banks as well, a move aimed at curbing demand for gold.

Cobrapost: NABARD chief gives clean chit to co-operative banks

Last Updated: Sunday, May 19, 2013, 13:57

Amid allegations of co-operative banks being used as conduits for money laundering, NABARD, which jointly regulates such lenders, has said that it has found no shortcoming pointing towards any such activity.

RBI to UCBs: Grant unsecured loans up to 25% of assests

Last Updated: Wednesday, April 03, 2013, 20:51

To promote lending to priority sectors, the Reserve Bank on Wednesday allowed urban co-operative banks (UCBs) to grant unsecured loans up to 25 percent of their assets if certain conditions are met.

RBI asks urban co-operative banks to implement CBS by Dec 31

Last Updated: Wednesday, March 13, 2013, 20:37

The Reserve Bank on Wednesday asked Urban Co-operative Banks (UCBs) to implement core banking solutions (CBS) in all their branches by December 31, 2013.

RBI asks co-operative banks not to give loans for gold purchase

Last Updated: Friday, February 08, 2013, 21:07

The Reserve Bank on Friday directed state and central co-operative banks not to grant loans for purchase of gold in any form in order to check the significant rise in import of the precious metal in recent years.

Extend interest subsidy to exporters till Mar 2014: RBI to UCBs

Last Updated: Tuesday, January 22, 2013, 22:23

In order to encourage exports, RBI on Tuesday directed the urban co-operative banks to extend interest subvention of 2 percent for exporters in segments like handicraft, carpets, SMEs and certain engineering goods, by one year till March 2014.

Speed up settlement of claims to deceased nominee: RBI to UCBs

Last Updated: Monday, January 21, 2013, 18:26

The Reserve Bank Monday directed urban co-operative banks not to insist upon succession certificates from the nominees while settling claims in cases of deceased depositors to make the procedure fast.

RBI extends interest ceiling on export credit to six months

Last Updated: Friday, September 28, 2012, 00:15

The Reserve Bank Thursday extended the interest rate ceiling on export credit with overseas banks to six months.

RBI to consider financial restructuring proposals of UCBs

Last Updated: Wednesday, September 26, 2012, 23:11

The RBI considers financial restructuring proposals as an additional option for resolution of banks problem.

RBI asks urban co-operative banks to modify FD form

Last Updated: Thursday, August 30, 2012, 20:52

The Reserve Bank Thursday asked the urban co-operative banks to modify fixed deposit (FD) account opening form to allow pre-mature withdrawal in the event of death of one of the joint account holders without any penalty.