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Reacting to RBI issuing guidelines for merging district central cooperative banks with state cooperative banks, NCUI President Dileep Sanghani said that this is unjustified, and it will destroy
Sanghani skirts RBI diktate on dividends; offers interest-rebate
Amreli DCCB helped 300 co-op societies thru interest-rebate: Sanghani
An ace cooperator Dileep Sanghani knows how to overcome the limitations of state laws. The matter relates to RBI not allowing distribution of dividend to shareholders of co-op banks in the wake of pandemic.
Hitting upon a novel idea, Sanghani led Amreli District Central Cooperative Bank decided to offer rebates in the accrued interests on loans taken by the shareholders associated with hundreds of small co-op societies in this case. “A brilliant way to fulfil both the RBI norms and help farmers!”, cheered co-operators.
NAFSCOB chairman welcomes Banking Amendment Bill
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Centre urged to take steps to protect spirit of cooperative movement
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NAFSCOB chairman Konduru Ravinder delivering the inaugural address of the two-day national review meeting and national conclave of rural cooperative banks at the Bankers’ Institute of Rural Development in Lucknow on Thursday.
Centre urged to take steps to protect spirit of cooperative movement
The National Federation of State Cooperative Banks (NAFSCOB) has welcomed the Banking Regulation (Amendment) Act which is set to come into force from the next financial year, April 1, claiming that it was aimed at providing good governance by checking leakages and misappropriation of funds.
Karimnagar DCCB chairman is new NAFSCOB chairman
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Konduru Ravinder Rao is the first Telugu speaking person to head national apex bank
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Konduru Ravinder Rao is the first Telugu speaking person to head national apex bank
Telangana State Cooperative Apex Bank (TSCAB) chairman and Karimnagar District Cooperative Central Bank (DCCB) chairman Konduru Ravinder Rao has been unanimously elected as the chairman of the National Federation of State Cooperative Banks Limited (NAFSCOB).
This is the first time in the 55 years history of the NAFSCOB, an apex body for the cooperative banks of the country, a Telugu speaking person was elected as the national body chairman for a period of five years. Mr Ravinder Rao would be heading the NAFSCOB which comprises of 33 state cooperative banks and 393 district cooperative central banks in the country. Mr Rao was elected as chairman at the NAFSCOB general body meeting which was organised on Tuesday in Mumbai. After the e