Swaminathan J, Deputy Governor, Reserve Bank of India has noted in a latest speech that Urban Cooperative Banks or UCBs have long been an essential part of India's cooperative story, providing banking ...

RBI Deputy Governor Swaminathan J urged Urban Cooperative Banks (UCBs) to prioritize governance, risk management, and secure ...

RBI Deputy Governor Swaminathan J emphasized the need for enhanced governance, risk management, and technology adoption among Urban Cooperative Banks (UCBs). Speaking at a seminar, he highlighted the ...

RRB digitisation push: Nabard to complete IT integration of merged rural banks by September 15; New tech, stacks and digital pilots aimed at bridging rural-urban divide ...

Under Shah, it initiated a series of financial and regulatory changes to level the playing field for cooperative banks. These include: Doubling housing loan limits for cooperative banks. Allowing ...

Reserve Bank of India (RBI) has imposed a penalty of Rs5 lakh on two cooperative banks, one from Gujarat and the other from Chhattisgarh, for non-compliance with the directions issued by the banking ...

India’s Urban Cooperative Banks (UCBs) recorded a 1.8 times rise in portfolio balances over the past five years, signalling a phase of renewed growth driven by deeper credit access and a shift ...

The government is developing a 'cooperative stack' by integrating schemes through Primary Agricultural Credit Societies (PACS), aiming to create a unified system for dispensing benefits in rural areas ...

Strengthening cooperative banks and credit societies Urban cooperative banks and credit societies also came under the spotlight.

Home Minister Amit Shah announced a new national cooperative policy effective from 2025-2045, aiming to revitalize India's cooperative movement and boost employment. The policy envisions establishing ...

Reserve Bank of India (RBI) has imposed a penalty of Rs1 lakh each on four cooperative banks from south India for non-compliance with the directions issued by the banking regulator.