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RBI penalizes five UCBs; withdraws Directives from Raigad Sah Bank

A day after releasing the publication on ‘Report on Trend and Progress of Banking in India 2022-23 ....

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RBI Imposes Rs4.55 Lakh Penalty on 5 Cooperative Banks

Reserve Bank of India (RBI) has imposed monetary penalties on five cooperative banks, citing the violation of different laws prescribed by the regulator. Three banks are from Gujarat, while others belong to Maharashtra and West Bengal. RBI has levied a fine of Rs2 lakh, the highest among the banks, on Sardargunj Mercantile Cooperative Bank Ltd from Gujarat. ....

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The rise and rise of Ajay Patel, an Amit Shah confidant now heading seventh organisation in Gujarat

Known for his strong networking skills, Ajay Patel was last month unanimously selected as Chairman of New-Delhi based Co-operative Bank of India (COBI), an apex body of multi-state urban co-operative banks, national co-operative federations and land development banks.
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Donald Geoffrey Helliwell | The Westfield News

WESTFIELD - Donald Geoffrey Helliwell, 86, of Westfield, Massachusetts, died on May 8, 2020, of COVID-19 complications. Don was born in Springfield, ....

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RBI Expert Panel Recommends Merger of Weaker Urban Co-op Banks

The Reserve Bank of India (RBI)’s expert committee on primary (urban) co-operative banks (UCBs) has recommended a regulatory nudge for weak UCBs to explore voluntary merger or conversion into a non-banking society at an early stage. ....

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