City Cooperative Bank
Kerala man dies after co-op bank delays deposit of Rs 5 lakh: Key details
Somasagaram had been trying to withdraw his deposit for the last six months, but the officials repeatedly declined his requests
 "Kerala man dies after co-op bank delays deposit of Rs 5 lakh: Key details")
Shah launches NUCFDC, aims to set up 1 urban cooperative bank in each town
Cooperation Minister Amit Shah on Saturday launched the National Urban Cooperative Finance and Development Corporation (NUCFDC) and asked the umbrella body to set up one urban cooperative bank in each town. NUCFDC has received the RBI approval to function as a non-banking finance company and a self-regulatory organisation for the urban cooperative banking sector. After the launch, Shah said, "After 20 years, NUCFDC has been established. This is the need of the hour. I am happy the RBI has given approval for this." Urban cooperative banks have been operating in India for a long time, but could not grow rapidly even though they can play a key role in the country's economic growth, he said. The main objective of NUCFDC should be to help urban cooperative banks adhere to the Banking Regulations Act and bring professionalism in their work, the minister said. There are more than 1,500 urban cooperative banks with 11,000 branches and a deposit of Rs 5 lakh crore across the country, he ..
 "Shah launches NUCFDC, aims to set up 1 urban cooperative bank in each town")
Solapur-based Laxmi Co-op Bank loses licence after failing RBI norms
Depositors to get insurance claim, amount of Rs 193.68 cr already paid out
 "Solapur-based Laxmi Co-op Bank loses licence after failing RBI norms")
RBI introduces compliance function for UCBs in Tier-3 and 4 categories
The compliance function would ensure strict observance of all statutory and regulatory requirements. UCBs with deposits of more than Rs 1,000 crore fall under Tier-3 & 4 categories
 "RBI introduces compliance function for UCBs in Tier-3 and 4 categories")
RBI cancels Rupee Co-operative's licence; lender to cease business Sep 22
More than 99% of depositors of Pune-based lender to receive the full amount, says regulator
 "RBI cancels Rupee Co-operative's licence; lender to cease business Sep 22")
RBI relaxes withdrawal limit for depositors of City Co-op Bank to Rs 5,000
The RBI had, in April, imposed several restrictions on City Cooperative Bank, including limiting the withdrawal by depositors to Rs 1,000
 "RBI relaxes withdrawal limit for depositors of City Co-op Bank to Rs 5,000")
