Page 2 - Co-operative Bank
RBI imposes penalty on 2 co-op banks, 1 NBFC for compliance deficiency
The Reserve Bank of India (RBI) on Thursday said it has imposed penalties on two co-operative banks and a non-banking financial company (NBFC), for deficiencies in certain regulatory compliance.
 "RBI imposes penalty on 2 co-op banks, 1 NBFC for compliance deficiency")
Statsguru: Performance and challenges of co-operative sector in India
Even though a fifth of these cooperatives are in the financial sector, their share has remained low
 "Statsguru: Performance and challenges of co-operative sector in India")
RBI proposes tweaks to capital-raising guidelines for urban co-op banks
The UCBs, it said, could raise share capital by issue of equity to persons within their area of operation enrolled as members and also through additional equity shares to the existing members.
 "RBI proposes tweaks to capital-raising guidelines for urban co-op banks")
Co-operative banks can't outsource core management functions: RBI
The RBI said the lenders can hire experts, including former employees, on a contractual basis subject to certain conditions
 "Co-operative banks can't outsource core management functions: RBI")
Reserve Bank of India imposes Rs 11 lakh penalty on 2 co-op banks
The RBI has imposed penalty totalling Rs 11 lakh on Bijnor Urban Co-operative Bank Limited, Bijnor and National Urban Co-operative Bank Limited, New Delhi for contravention of certain norms
RBI issues guidelines for merging district central co-op banks with state ones
This is subject to various conditions, including that a proposal should be made by the state government concerned.
RBI puts Rs 1,000 withdrawal cap on Deccan Urban Co-op Bank
The Reserve Bank on Friday said it has barred Karnataka-based Deccan Urban Co-operative Bank Ltd from granting fresh loans or accepting deposits
 "RBI puts Rs 1,000 withdrawal cap on Deccan Urban Co-op Bank")
Reserve Bank of India forms expert panel for urban co-operative banks
The RBI has constituted an expert committee under the chairmanship of its former Deputy Governor N S Vishwanathan
 "Reserve Bank of India forms expert panel for urban co-operative banks")
A year after PMC crisis, RBI says NPAs rise in urban co-ops, losses soar
Earlier this year, the government amended the Banking Regulation Act to give the RBI complete regulatory and supervisory power over such lenders
 "A year after PMC crisis, RBI says NPAs rise in urban co-ops, losses soar")
RBI imposes fine of Rs 15 lakh on 2 co-operative banks for non-compliance
In both cases, the penalty has been imposed based on deficiencies in regulatory compliance
 "RBI imposes fine of Rs 15 lakh on 2 co-operative banks for non-compliance")
Panel moots merger of UP co-operative banks to create Rs 35,000 cr entity
The committee's report under consideration of Adityanath government
 "Panel moots merger of UP co-operative banks to create Rs 35,000 cr entity")
Two co-op banks move HC against Centre's ordinance bringing them under RBI
The first bench, comprising Chief Justice A P Sahi and Justice Senthilkumar Ramamoorthy, which admitted the pleas, posted the matter to July 20.
 "Two co-op banks move HC against Centre's ordinance bringing them under RBI")
Ex-CEO of co-op bank in Bengaluru found dead; police suspect suicide
Recently, the Anti Corruption Bureau had raided the office and residence of Vasudeva Maiya, the former CEO of the Guru Raghavendra Sahakara Bank, and a few other executives of the bank
 "Ex-CEO of co-op bank in Bengaluru found dead; police suspect suicide")
RBI to gain regulatory control over co-operative banks in a phased manner
For now, the new Ordinance has been made effective from June 29 to cover multi-state co-operative banks, others will be covered at a later date
 "RBI to gain regulatory control over co-operative banks in a phased manner")
Statsguru: A look at the performance of UCBs as RBI gets more control
Following the Punjab and Maharashtra Co-operative Bank crisis, there has been a growing call to give more teeth to RBI in regulating such banks
 "Statsguru: A look at the performance of UCBs as RBI gets more control")
RBI can frame revival plan for all banks without imposing moratorium
The RBI has to impose restrictions on lending and withdrawal activities before it can frame a revival scheme for commercial and co-operative banks, according to the previous law
 "RBI can frame revival plan for all banks without imposing moratorium")
Just the first step
Co-operative banks need intervention at multiple levels
 "Just the first step")
Letter to BS: Bringing co-operative banks under RBI will be tough
This view gains more prominence in the wake of the apprehensions expressed by some finance industry experts about the efficacy of the RBI's extant supervisory bandwidth
 "Letter to BS: Bringing co-operative banks under RBI will be tough")
Letter to BS: Be wary of co-op banks even if they pay better interest rates
Customers should not be enticed by higher interests and risk their corpus
 "Letter to BS: Be wary of co-op banks even if they pay better interest rates")
Bengaluru co-operative bank comes under RBI curbs, blames 62 dud loans
"Your money is 100 per cent safe with Sri Guru Raghavendra Sahakara Bank. It's my responsibility," Ramakrishna said at Sri Guru Narasimha Kalyanamandira auditorium, to assure depositors
 "Bengaluru co-operative bank comes under RBI curbs, blames 62 dud loans")
