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Latest Articles in Co operative banks

RBI Fines On Three Co-Operative Banks And Bans Milath Co-Operative Bank

A fine of Rs. 2 lakh has been imposed on Jammu and Kashmir's Baramulla Central Co-operative Bank Limited for contravention of RBI's directions to prohibit the acceptance of fresh deposits

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Co-Op Banks Shall Not Outsource Core Management Functions: RBI

Cooperative banks are increasingly using outsourcing as a means for reducing costs as well as for availing specialist expertise, where these are not available internally.

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RBI Penalises 3 Maharashtra-Based Co-Operative Banks

A penalty of Rs 4 lakh has been imposed on Excellent Co-operative Bank, Mumbai, and Rs 2 lakh each on Janseva Sahakari Bank Limited, Pune and The Ajara Urban Co-operative Bank, Ajara (Kolhapur).

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RBI Withdraws Restrictions On Youth Development Co-operative Bank

The validity of the 'all-inclusive directions' was extended from time to time, the last being up to April 5, 2021.

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President Promulgates Ordinance To Bring Co-operative Banks Under RBI Supervision

The Ordinance amends the Banking Regulation Act, 1949 as applicable to cooperative banks

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