Latest Updates Around The World
RBI Governor Sanjay Malhotra emphasized on customer-centric practices, ethical conduct and timely redressal of complaints while highlighting the continued role of UCBs in providing credit to underserved areas and supporting financial inclusion. | Photo credit: KUNAL PATIL/PTI RBI Governor Sanjay Malhotra on Monday underlined the importance of maintaining high governance standards, robust underwriting practices and […]
The central bank said it initiated the consolidation process of UCBs in 2004-05, including the merger of non-viable UCBs with their viable counterparts, the closure of non-viable UCBs and the suspension of the issuance of new licenses. | Photo credit: FRANCIS MASCARENHAS The number of urban cooperative banks (UCBs) fell by 15 to 1,457 in […]
Home Minister Amit Shah, External Affairs Minister Krishan Pal and Karnataka Minister HK Patil during the International Urban Cooperative Credit Sector Conference (CO-OP KUMBH 2025), in New Delhi, on Monday. | Photo credit: KAMAL KISHORE Union Cooperation Minister Amit Shah on Monday launched two mobile applications – Sahakar Digi Pay and Sahakar Digi Loan – […]
Prabhat Chaturvedi, CEO, NUCFDC | Photocredit: KSL The National Urban Cooperative Finance and Development Corporation (NUCFDC)-an umbrella body for urban cooperative banks (UCBS) concentrates on improving UCBs’ compliance, audit and administrative standards, told CEO Prabhat Chaturvedi line. “Individual banks are very careful and take their own protective measures and regulators continue to evolve the regulations […]
Business authorization relates to the expansion of the business area and the opening of a new business place, including | Photocredit: Dhiraj Singh The reserve Bank of India said on Monday that it is planning to replace the financially healthy and well -managed (FSWM) standards for urban cooperative banks (UCBs) with harmonized criteria for company […]
