Cooperative banks

No IT exemption to cooperative banks: Govt tells Lok Sabha

No IT exemption to cooperative banks: Govt tells Lok Sabha

Income tax is a tax on profits and there is no rationale for exempting profit-making cooperative banks from payment of income tax, government said.

Dec 29, 2017, 13:09 PM IST

Banks, MFs should obtain identification nos for filing SFT

The Income Tax department on Friday said banks, mutual funds and financial institutions should obtain an identification number and file the statement of financial transaction (SFT) by May 31.

May 26, 2017, 16:22 PM IST

Download call letters for IBPS CWE RRBs 2015 exam at

The Institute of Banking Personnel Selection has released the call letters for Officer Scale IV and Office Assistant on the official website: – for its upcoming examination Common Recruitment Exam of Regional Rural Bank (CWE RRB)

Sep 01, 2015, 17:40 PM IST

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.

Jun 19, 2015, 19:51 PM IST

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.

Jan 08, 2015, 19:13 PM IST

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.

Nov 05, 2014, 21:20 PM IST

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.

May 27, 2013, 17:42 PM IST

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.

May 19, 2013, 14:52 PM IST

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.

May 13, 2013, 17:54 PM IST

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.

May 15, 2012, 22:06 PM IST

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.

Apr 28, 2012, 10:37 AM IST

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.

Mar 22, 2012, 19:37 PM IST

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.

Mar 05, 2012, 16:09 PM IST

RBI frees interest on savings accounts in cooperative banks

The Reserve Bank on Monday deregulated interest rate on savings accounts in all State and Central Co-operative Banks, a move that will fetch better returns for depositors.

Dec 26, 2011, 20:03 PM IST

Eight cooperative banks go belly up this fiscal

As many as 8 cooperative banks failed in this fiscal so far, resulting in credit insurance company DICGC paying a little over Rs 143 crore to depositors.

Oct 09, 2011, 12:05 PM IST

Cooperative sector banks key to development: Kerala CM

Kerala Chief Minister V S
Achuthanandan on Saturday said Cooperative banks contributed a lot
for the development of Kerala.

Mar 20, 2010, 21:41 PM IST