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RBI orders Urban Co-op Banks to do away with honorary positions within 1 year

UCBs are directed not to create any honorary positions/titles at board level or confer such titles that are non-statutory in nature and to eliminate any such existing position or titles within one year. ....

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PMC fallout led to cascading effect on UCBs; MUCBF to RBI

Maharashtra Urban Cooperative Bank's Federation (MUCBF) has recently written a letter to the Reserve Bank of India requesting it to provide relief to UCBs fro ....

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President gives assent to amended DICGC Act

The government has notified the General Insurance Business (Nationalisation) Amendment Bill and the Deposit Insurance and Credit Guarantee Corporation (DICGC) (Amendment) Bill, after Presiden ....

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Roadblocks removed; Lok Sabha passes DICGC Bill on Monday

The Deposit Insurance and Credit Guarantee Corporation (Amendment) Bill, 2021 was passed by a voice vote amid opposition uproar in the Lok Sabha on Monday. The Rajya Sabha had passed the Bill l ....

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