Co Operative Banks

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

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

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

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 II: Cultivators shocked to find names on beneficiaries list as MP ministers allege fraud by bank staff

The lists took farmers by surprise and opened a Pandora's Box all over Madhya Pradesh.

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

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

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.

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.

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.