close
This ad will auto close in 10 seconds

Lack of professionalism, resisting tech ailing coop banks: RBI

Coming down hard on cooperative banks, RBI Deputy Governor R Gandhi on Friday said their share is below 5 percent despite large number, as they have not kept pace with technological advances and lack professionalism.

Cooperative banks allowed to double gold loan under bullet repayment

The Reserve Bank on Thursday doubled to Rs 2 lakh the amount of loan furnished by cooperative banks under the Gold Loan - Bullet Repayment scheme.

Govt approves to revive 23 ailing cooperative banks

The government on Wednesday approved a move to revive 23 ailing cooperative banks in four states that would require a capital infusion of about Rs 2,375 crore.

13 cooperative banks go belly up in 2012-13

As many as 13 cooperative banks failed in 2012-13, resulting in credit insurance company DICGC paying nearly Rs 160 crore to depositors.

Cooperative banks should be kept away from political pressure: SC

The Supreme Court has passed a slew of directions to give more power to Cooperative Banks' Board and to reduce political interference in its functioning, holding that their Registrar should be subjected to disciplinary proceedings if he acts under political influence.

Coop Banks to reschedule the crop loan to farmers

Crop loans availed by farmers from district central cooperative banks would be rescheduled as per the government's decision in view of severe drought conditions prevailing in the state, a bank official said Monday.

Claim deposit insurance by Mar 2013: RBI

Holders of two joint accounts in cooperative banks that failed before April 2007 have been given time till the end of this financial year to claim deposit insurance from DICGC, a subsidiary of RBI.

Nabard posts record performance in Maha in 2011-12

The National Bank for Agriculture and Rural Development (NABARD) extended a record support of Rs 6,023.18 crore for agriculture and rural development in Maharashtra during 2011-12, up 71 percent from Rs 3,532.49 in the previous year.

Capital requirements for co-ops to jump manifold: RBI

The Reserve Bank Thursday said the minimum capital requirements for cooperative banks will soon go up to as much as Rs 3 crore from the present Rs 15 lakh.

Pawar to take up issue of co-op banks facing closure with FM

With over 70 districts cooperative banks facing cancellation of licences, Agriculture minister Sharad Pawar Monday said he would take up the matter with the Finance Minister as the move could have a negative impact on disbursement of crop loans.