RBI cautions UCBs acquiring large corporate exposures beyond their bite size
 

RBI tells urban cooperative banks to focus on keeping their house in order

Include RRB pay revision in industry-level wage settlement, urges AIBEA
On the heels of the wage revision for commercial bank employees, the All India Bank Employees’ Association (AIBEA) now wants the Finance Ministry to announce wage revision for the staff of Regional Rural Banks (RRBs). This bank employees body is also now demanding that RRBs wage revision be made part of the industry level wage settlement since they are doing the same job like staff of commercial banks, C H Venkatachalam, General Secretary, AIBEA told businessline.

RBI imposes monetary penalty on Satara Sahakari Bank Limited

RBI imposes curbs on Maharashtra-based Konark Urban Co-op Bank

RBI imposes Rs 60.3 lakh penalty on five co-operative banks
RBI imposes monetary penalty of ₹60.30 lakh on five co-operative banks. Details here
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RBI imposes restrictions on Pratapgarh-based National Urban Co-op Bank

Customers of this bank cannot withdraw money from their accounts after RBI direction – What should depositors do now?
Customers of Shirpur Merchants’ Co-operative Bank cannot withdraw money from their bank accounts as the Reserve Bank of India (RBI) has placed the lender under certain restrictions. The RBI in its directions has categorically mentioned that the lender, which is facing liquidity crunch, can neither accept fresh deposits nor disburse money to customers.

RBI imposes curbs on Shirpur Coop Bank over declining financial position

In a statement, the RBI said from the close of business on Monday, the bank will not grant or renew any loans and advances, make any investment, incur any liability, transfer or otherwise dispose of any of its properties or assets, without prior approval of the central bank in writing.
 

RBI imposes Rs 59.90 lakh penalty on Nashik's Janalaxmi Cooperative Bank
RBI imposes Rs 59.90 lakh fine on Nashik's Janalaxmi Cooperative Bank
Business Standard

RBI reconstitutes Abhyudaya Coop Bank's Committee of Advisors
RBI reconstitutes Committee of Advisors for Abhyudaya Cooperative Bank
The Hindu Business Line

ARCIL buys Saraswat's NPAs at 86% haircut

Jorty M Chacko assumes charge of Kerala Bank
Jorty M Chacko has taken over as Chief Executive Officer of Kerala State Cooperative Bank (Kerala Bank) after his name was recommended by a committee headed by the state Chief Secretary and endorsed by the State Cabinet. Reserve Bank of India, too, had cleared the appointment of Chacko, who previously served as Executive Director, Retail Banking, IDBI Bank, for five years. 

RBI cancels licence of Rajasthan-based Sumerpur Mercantile Urban Coop Bank

Household borrowing from NBFCs, co-op banks grow 20% annually between FY19 and FY23
Chennai: Indian households are fairly conservative and tend to limit their debt to the extent possible. But their borrowing has been increasing sharply of late. Household debt, as a percentage of GDP, was 28.5 per cent in FY18, but it has surged to 37.6 per cent by FY23. Of note is that borrowing from NBFCs and co-operative banks has recorded higher growth, compared to commercial banks or housing finance companies.

RBI cancels licence of Jai Prakash Narayan Nagari Sahakari Bank

UCB Directors should carefully go through auditor’s report, discuss RBI inspection reports threadbare: RBI Dy Guv Swaminathan
Mumbai: Directors of Urban Co-operative Banks (UCBs) should carefully go through the auditor’s report and ascertain if it is qualified or clean, according to RBI Deputy Governor Swaminathan J. Further, depositors should be encouraged to become members to improve the capital base of these banks

RRB consolidation after FY-end review

RBI cancels licence of Hiriyur Urban Co-op bank with immediate effect

RBI levies Rs 7 lakh penalty on Navsarjan Industrial Co-operative Bank for non-compliance

RBI penalises five Gujarat-based cooperative banks
The Reserve Bank has penalised five Gujarat-based cooperative banks for various lapses in complying with its regulations, with penalties varying from Rs 50,000 to Rs 5 lakh on each of them over the past one month. The regulator in separate statements on Thursday said in an order dated December 13, 2023, it imposed a Rs 5 lakh penalty on the Vadodara-based Shree Bharat Co-operative Bank for non-compliance with its directions on the placement of deposits with other banks by urban primary cooperative banks and flouting its norms on interest rate on deposits directions of 2016.

KVG Bank launches new current account scheme for biz customers
Shreekant M Bhandiwad, Chairman of KVGB, who launched the product in Dharwad recently, said the new current account offers exclusive benefits to the business class with eligibility criteria set at maintaining a monthly average balance of ₹2 lakh.

RBI enhances bulk deposit limit for large UCBs 6.66 times to ₹1 cr and above
Mumbai: The Reserve Bank of India (RBI) has decided to enhance the bulk deposit limit for large urban co-operative banks (UCBs) to ₹1 crore and above from the current ₹15 lakh and above. Specifically, the new bulk deposit limit applies to UCBs in the Tier 3 (with deposits more than ₹1,000 crore and up to ₹10,000 crore) and Tier 4 (with deposits more than ₹10,000 crore) categories.

Higher RBI scrutiny on co-op banks reflects sector concerns

Concerns over financial health of the cooperative banking sector continued to haunt stakeholders with as many as 17 banks shutting shops in the year gone by, with the highest number of annual licence cancellations by the Reserve Bank of India (RBI).

2023 flashback: 17 cooperative banks closed down, highest in nine years
Concerns over financial health of the cooperative banking sector continued to haunt stakeholders with as many as 17 banks shutting shops in the year gone by, with the highest number of annual licence cancellations by the Reserve Bank of India (RBI).

Bulk deposit limit for Urban Co-op banks in T3, T4 enhanced to ₹ 1 crore and above

Cooperatives should open accounts in co-op banks, says Amit Shah; asks GSC Bank to create system
Union Minister Amit Shah on Friday urged the Gujarat State Cooperative Bank to develop a system so that all cooperative entities in the state can open accounts in cooperative banks. He made the suggestion while virtually inaugurating a building of Surendranagar District Cooperative Bank.

Urban Co-op banks need to strengthen governance quality
The Reserve Bank of India (RBI) has voiced its concerns over elevated levels of gross non-performing assets (NPAs) in urban cooperative banks, although profitability indicators have improved.

UCBs need to discourage very long and continuous tenures of directors: RBI
Mumbai: Urban Co-operative Banks (UCBs) need to discourage very long and continuous tenures of their directors, in accordance with the provisions of the Banking Regulation Act, to avoid vested interests exercising undue influence over the functioning of the board, according to the RBI. Induction of new directors will facilitate infusion of fresh ideas and perspectives in the Board, per the RBI’s ‘Report on Trend and Progress of Banking in India 2022-23.’

RBI expresses concern on elevated NPAs of urban cooperative banks

The Reserve Bank has voiced its concern over elevated levels of gross non performing assets (NPAs) in urban cooperative banks though profitability indicators have improved. It has called for a further strengthening of governance standards and risk management practices among other things in its assessment of the sector in the latest `Trend and Progress in Banking’ released by the central bank on Wednesday.