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Latest News on Cooperative Banks
Showing of 0 - 10 from 28 results
Cooperative Banks - Total results - 28
Feb 07, 2020
Govt moves towards simplifying tax regime; LIC IPO will benefit retail investors: Nirmala SitharamanThe finance minister said that taxpayers' charter is based on the idea that taxation regime should be on the foundation of trust among citizens.
Feb 06, 2020
PMC Bank fallout: Cabinet clears amendment to banking laws to strengthen cooperative banks; RBI nod to be made mandatory for appointmentsThe decision assumes significance in the wake of a scam in the PMC Bank affecting lakhs of customers who are facing difficulties in withdrawing their money due to restrictions imposed by the RBI.
Oct 12, 2019
Will discuss PMC Bank issue with PM Narendra Modi on 13 October, Devendra Fadnavis tells depositorsFadnavis said he would be meeting Modi on 13 October, and he had already prepared a brief on the PMC Bank issue for the meeting.
Oct 12, 2019
Reserve Bank of India changes daily reporting system in cooperative banks after PMC Bank crisisThe RBI had put regulatory restrictions on PMC Bank after finding irregularities, and misreporting of loans given to real estate developer HDIL
Oct 08, 2019
PMC crisis shows depositors are sitting ducks if their bank goes bust; why shouldn’t savers get cover for full amount?The deposit insurance guarantee scheme was set up in 1961 to ensure depositors are guaranteed at least some amount in the event of a bank collapse
Sep 29, 2019
PMC Bank crisis: RBI had recommended removal of chairman Waryam Singh in 2018, says reportAccording to the source, of the Rs 8,880-crore loan book (as of 19 September 2019) that PMC Bank had, more than Rs 6,500 crore or over 73 percent of the assets are with the bankrupt HDIL group only.
Sep 26, 2019
PMC crisis: Politicising cooperative banking mess is opportunism; RBI has to own up to its mistake of waking up too lateThe PMC episode is only the symptom of a deeper malaise plaguing many other loosely regulated cooperative banks in the country.
Jan 03, 2019
Mudra loans: NPAs may have doubled in a year, but it is not a reason to worry yetIt would help if both the Mudra agency and the Ministry of Finance put out regular and detailed data regarding Mudra bad loans.
Dec 20, 2018
RBI governor Shaktikanta Das to meet private sector and cooperative banks next weekShaktikanta Das took over as 25th Governor of RBI last week following the abrupt exit of Urjit Patel ahead of schedule due to differences with the government.
Aug 01, 2018
RBI to strengthen grievance redressal mechanism of banks by giving more autonomy to Internal OmbudsmanWith a view to strengthening the internal grievance redressal mechanism at banks, select banks were advised in May 2015 to appoint Internal Ombudsman as the apex authority