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Committee headed by Collector to monitor bank's functioning

staff reporter the co-operation, marketing, and textiles department of maharashtra government has appointed a committee headed by district collector of nagpur to monitor the functioning of beleaguered nagpur ....

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Bombay High Court Civil Law Digest 2023

Judgments on CPC, Land Acquisition, Motor Accidents Compensation, Railway Accidents Compensation, Maharashtra Village Panchayat Act and Other Civil CasesCivil Procedure Code Opportunity To Examine. ....

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Bombay High Court Annual Digest 2023: Part I

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rbi: RBI prescribe norms for closure of DCCB branches

The Reserve Bank of India (RBI) announced on Monday that District Central Co-operative Banks are now permitted to close un-remunerative branches without requiring prior permission from the central bank. However, approval will be necessary from the Registrar of Cooperative Societies in the respective state. The RBI clarified that the decision to close such branches should be made by the Board, considering all relevant factors, and this decision should be appropriately documented in the minutes of the Board meeting, as stated in a circular. ....

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RBI prescribe norms for closure of DCCB branches

The decision to close down branches should be taken by the Board after taking into account all the relevant factors and should be properly recorded/minuted in the proceedings of the Board meeting, the Reserve Bank of India said in a circular. ....

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