Co Operative-banks

Showing 1 of 18 from 18 results
Co Operative-banks - Total results - 18
HDFC Bank allays concerns of depositors after ‘stamped’ passbook image goes viral on social media
Business

HDFC Bank allays concerns of depositors after ‘stamped’ passbook image goes viral on social media

After the image started circulating on social media, HDFC Bank spokesperson has clarified that this is part of the mandatory RBI guidelines.

India's banking system safe and stable, no need to panic on basis of baseless rumours, RBI assures people
Business

India's banking system safe and stable, no need to panic on basis of baseless rumours, RBI assures people

This is for the second time in a week, the Reserve Bank of India (RBI) has come out with a statement assuring people about the stability of the country's banking system.

Forty of 50 cooperative banks in Uttar Pradesh hit by fraud; loan amounts forged, subsidy money siphoned off
Business

Forty of 50 cooperative banks in Uttar Pradesh hit by fraud; loan amounts forged, subsidy money siphoned off

More than 50 percent of the rural credit is disbursed by the co-operative banks and the National Bank for Agriculture & Rural Development (NABARD) is responsible for the regulation and supervising of the functions of these banks.

Maharashtra State Co-operative Bank eyes to expand borrower profile; plans to enter infrastructure, retail lending
Business

Maharashtra State Co-operative Bank eyes to expand borrower profile; plans to enter infrastructure, retail lending

The bank continues to be under a Reserve Bank of India-appointed administrator, after its elected board was alleged to have mismanaged the bank.

Punjab's debt-ridden farmers continue to take their own lives as Congress' loan waiver has little effect
India

Punjab's debt-ridden farmers continue to take their own lives as Congress' loan waiver has little effect

For his part, the Punjab chief minister Captain Amarinder Singh trained his guns at the Centre

Congress farm loan waivers Part IV: Farmers in Madhya Pradesh are committing suicide despite scheme; here's why
India

Congress farm loan waivers Part IV: Farmers in Madhya Pradesh are committing suicide despite scheme; here's why

At least three farmers have ended their lives since the announcement of loan waiver scheme by the Kamal Nath government

Congress farm loan waivers Part III: Rajasthan cultivators demand inquiry into 'scam' in cooperative banks
India

Congress farm loan waivers Part III: Rajasthan cultivators demand inquiry into 'scam' in cooperative banks

Following reports of loan scams across cooperative banks in Dungarpur district of Rajasthan, farmers from several villages in Bharatpur and Dholpur districts approached the authorities

Congress farm loan waivers Part I: MP farmers seethe over flawed implementation of scheme, banks' dubious calculations
India

Congress farm loan waivers Part I: MP farmers seethe over flawed implementation of scheme, banks' dubious calculations

Dubious calculations by cooperative banks and societies have led to inflated outstanding farm loan amounts for many in Madhya Pradesh.

Interest on home, auto, MSE loans to be linked to new benchmarks from 1 April, 2019
Business

Interest on home, auto, MSE loans to be linked to new benchmarks from 1 April, 2019

The final guidelines to link the interest rate to external benchmarks will be issued by the end of this month, said the RBI's 'Statement on Developmental and Regulatory Policies'.

Co-operative banks need a new 'vision document'; sector has not flourished in last 15 years, says RBI director
Business

Co-operative banks need a new 'vision document'; sector has not flourished in last 15 years, says RBI director

Till 1967, the Centre, as well as state policy, was to give priority to the cooperative sector but in the later years, barring some institutions, the cooperative sector did not flourish.

Demonetisation: Co-op sector in Kerala observes strike, demand to be allowed to exchange scrapped notes
India

Demonetisation: Co-op sector in Kerala observes strike, demand to be allowed to exchange scrapped notes

The co-operative sector in Kerala came to a standstill, with banks and primary cooperative societies downing shutters and observing 'hartal' demanding that they be allowed to exchange the scrapped Rs 500 and Rs 1,000 currency notes.

RBI needs to allow small banks to think big if it wants them to succeed
Finance

RBI needs to allow small banks to think big if it wants them to succeed

Several companies are planning to apply to become smaller banks, including some among those, which failed to win a banking licence in April.

More than a dozen co-operative banks go belly up. Should you worry?
Investing

More than a dozen co-operative banks go belly up. Should you worry?

As a depositor you don't really need to be worried about your bank going belly up, well almost. Reason being, the deposits which you make with your bank come with some sort of a safety net.

Cobrapost: Co-operative banks get clean chit from Nabard
Economy

Cobrapost: Co-operative banks get clean chit from Nabard

Online portal Cobrapost had in March made public a sting operation purportedly showing some executives at three top private banks -- ICICI Bank, HDFC Bank and Axis Bank - allegedly agreeing to receive unverified sums of cash and put them in their investment schemes and benami accounts in violation of anti-money laundering laws.

Not getting education loan? Co-op banks might be the answer
Investing

Not getting education loan? Co-op banks might be the answer

Cooperative banks-scheduled urban cooperative banks or state cooperative banks-nowadays offer different types of loans, including education loans.

Punjab State Co-op Bank Spruces IT Infrastructure With Oracle Database
Biztech

Punjab State Co-op Bank Spruces IT Infrastructure With Oracle Database

Oracle's FLEXCUBE to be deployed in largest core banking rollout in the Indian co-operative banking sector.

Oracle, EBZ Online Team Up
Biztech

Oracle, EBZ Online Team Up

Oracle India has partnered with EBZ Online to offer back office solutions to co-operative banks in India.