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RBI cancels license of UP-based Urban Co-operative Bank

As per the data submitted by the bank, 98.32 percent of the depositors are entitled to receive full amount of their deposits from DICGC, the RBI said.

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Banking Central | Why cooperative bank regulations must get a structural makeover

For a common customer, a cooperative bank is no different from regular bank as both type of entities are dealing with public money. Hence, regulations cannot be different for both sides

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Crisis-ridden cooperative banks continue to face RBI s ire, 8 lose license in FY23

Reasons for license cancellation varied from inadequate capital to failure to comply with legal regulations under the Banking Regulation Act and lack of earning prospects in the future. In fiscal 2023, the Reserve Bank of India (RBI) cancelled licenses of eight cooperative banks and imposed monetary penalties for 114 times

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No respite for Mudhol Co-op Bank

The Reserve Bank of India extended All Inclusive Directions to The Mudhol Co-operative Bank Limited, Dist.- Bagalkot, Karnataka for a further p

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No respite for Mudhol Co-op Bank

The Reserve Bank of India has extended All Inclusive Directions on the Mudhol Co-operative Bank for a further period of three months from January 08, 2022 to April 07, 2022, subject to review.

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