Cooperative Banks

What happens in India to a depositor when a Cooperative Bank's numbers go deep into negative territory either because it has very large NPAs, or there is skulduggery, or acts of sheer incompetence- or a combination of all three?

The manager of a cooperative bank was killed during robbery in Pune district on Wednesday, police said.

RBI has cautioned people against co-operative societies which are using the word "bank" in their titles and accepting deposits from non-members

The Income Tax Department has frozen deposits worth over Rs 53 crore of an urban credit cooperative bank in Maharashtra after it found "glaring irregularities"in the opening of accounts in a recent raid, the CBDT said on Saturday.

The Income Tax Department carried out search and seizure operations at the headquarter and one of the branches of an Urban Credit Cooperative Bank located in Maharashtra and restrained Rs 53.72 crore, informed the Central Board of Direct Taxes (CBDT)

The Lokayukta police on Saturday caught a senior official of a district cooperative bank while allegedly taking a bribe of Rs 1.5 lakh from his subordinate in Madhya Pradesh's Jhabua district, an official said.

Nirmala Sitharaman discussed the key areas of cooperation among BRICS nations, which would help implement the goal of economic recovery.

Nationalist Congress Party (NCP) chief Sharad Pawar on Saturday met with Prime Minister Narendra Modi at the latter's residence.

Centre had last week issued an order to revise the definition of MSMEs by including retailers and wholesale traders under them.

Enforcement Directorate has attached assets worth Rs 65 crore linked to the alleged Rs 25,000 crore Maharashtra State Cooperative Bank (MSCB) scam - in which NCP leader and Deputy Chief Minister Ajit Pawar has been named - sources said.

A sugar mill worth over Rs 65 crore has been attached under the anti-money laundering law in connection with the alleged Maharashtra State Cooperative Bank (MSCB) scam, the Enforcement Directorate said on Thursday.

Farmers in Madhya Pradesh's Vidisha queued up outside a bank through Wednesday night in order to withdraw money. The District Cooperative Bank had been closed for two weeks after a few staff members tested positive for coronavirus recently.

The Banking Regulation (Amendment) Act, 2020 has been notified for state cooperative banks and district cooperative banks effective April 1, 2021.

The expansion of the Chamber of Commerce for Rural Women aims to empower over 20,000 women-led small businesses to tap into digital networks for sourcing and selling.

Judges, lawyers, teachers and journalists can now get the coronavirus shot in Punjab's Ludhiana, the district administration said on Monday, widening the vaccination drive to sections not yet cleared by the central government. The decision will also cover workers of banks, NGOs, cooperative societies and food grain societies.

What happens in India to a depositor when a Cooperative Bank's numbers go deep into negative territory either because it has very large NPAs, or there is skulduggery, or acts of sheer incompetence- or a combination of all three?

The manager of a cooperative bank was killed during robbery in Pune district on Wednesday, police said.

RBI has cautioned people against co-operative societies which are using the word "bank" in their titles and accepting deposits from non-members

The Income Tax Department has frozen deposits worth over Rs 53 crore of an urban credit cooperative bank in Maharashtra after it found "glaring irregularities"in the opening of accounts in a recent raid, the CBDT said on Saturday.

The Income Tax Department carried out search and seizure operations at the headquarter and one of the branches of an Urban Credit Cooperative Bank located in Maharashtra and restrained Rs 53.72 crore, informed the Central Board of Direct Taxes (CBDT)

The Lokayukta police on Saturday caught a senior official of a district cooperative bank while allegedly taking a bribe of Rs 1.5 lakh from his subordinate in Madhya Pradesh's Jhabua district, an official said.

Nirmala Sitharaman discussed the key areas of cooperation among BRICS nations, which would help implement the goal of economic recovery.

Nationalist Congress Party (NCP) chief Sharad Pawar on Saturday met with Prime Minister Narendra Modi at the latter's residence.

Centre had last week issued an order to revise the definition of MSMEs by including retailers and wholesale traders under them.

Enforcement Directorate has attached assets worth Rs 65 crore linked to the alleged Rs 25,000 crore Maharashtra State Cooperative Bank (MSCB) scam - in which NCP leader and Deputy Chief Minister Ajit Pawar has been named - sources said.

A sugar mill worth over Rs 65 crore has been attached under the anti-money laundering law in connection with the alleged Maharashtra State Cooperative Bank (MSCB) scam, the Enforcement Directorate said on Thursday.

Farmers in Madhya Pradesh's Vidisha queued up outside a bank through Wednesday night in order to withdraw money. The District Cooperative Bank had been closed for two weeks after a few staff members tested positive for coronavirus recently.

The Banking Regulation (Amendment) Act, 2020 has been notified for state cooperative banks and district cooperative banks effective April 1, 2021.

The expansion of the Chamber of Commerce for Rural Women aims to empower over 20,000 women-led small businesses to tap into digital networks for sourcing and selling.

Judges, lawyers, teachers and journalists can now get the coronavirus shot in Punjab's Ludhiana, the district administration said on Monday, widening the vaccination drive to sections not yet cleared by the central government. The decision will also cover workers of banks, NGOs, cooperative societies and food grain societies.