Search result for 'urban cooperative banks'

The Reserve Bank of India (RBI) has issued revised Priority Sector Lending (PSL) guidelines effective April 1, 2025, aiming to better target bank credit to key sectors. The changes include enhanced...

RBI Governor Sanjay Malhotra emphasizes the need for Urban Cooperative Banks (UCBs) to bolster their operational resilience against IT and cyber risks, ensuring customer trust and financial inclusion.

The Reserve Bank of India has revised prudential norms for Urban Co-operative Banks (UCBs), giving them greater operational flexibility. The new rules increase the limit for housing loans and...

The Reserve Bank of India proposes to eliminate foreclosure charges on floating rate loans for individuals and MSEs, promoting transparency and customer choice in the lending market.

The Reserve Bank of India has imposed a penalty of Rs 28.30 lakh on SG Finserve Limited for non-compliance with specific conditions under which the company was issued the Certificate of...

A software issue has disrupted online transactions for nearly 300 banks in India, primarily cooperative banks, for three days. The National Payments Corporation of India (NPCI) suspects a...

The Reserve Bank of India (RBI) has issued a prompt corrective action (PCA) framework for urban cooperative banks (UCBs) aimed at enabling supervisory intervention at an appropriate time. The...

RBI Deputy Governor highlights the growing threat of cyberattacks on banks, emphasizing the need for proactive risk mitigation strategies and robust cybersecurity measures.

The Reserve Bank of India has imposed restrictions on National Urban Co-operative Bank Ltd, Pratapgarh, including a ₹10,000 withdrawal limit, due to financial concerns. Learn more about the...

Cooperation Minister Amit Shah launched the National Urban Cooperative Finance and Development Corporation (NUCFDC), aiming to establish one urban cooperative bank in each town. NUCFDC will provide...

Amit Shah launched the National Urban Cooperative Finance and Development Corporation (NUCFDC) with a target to establish one urban cooperative bank in each town, aiming to boost economic growth.

The Reserve Bank of India (RBI) proposes new norms requiring banks and NBFCs to disclose climate-related financial risks, aiming to improve transparency and assess potential impacts.

Union Minister BL Verma assures full support for the development of the cooperative sector in Maharashtra, highlighting the government's commitment to strengthening these institutions.

The Reserve Bank of India (RBI) has doubled the minimum capital requirement for small finance banks (SFBs) to Rs 200 crore. The move allows Payments Banks to upgrade to SFBs after five years of...

The Reserve Bank of India has penalized five Gujarat-based cooperative banks for non-compliance with regulations, including deposit rates, loans, and KYC norms. Penalties range from Rs 50,000 to Rs...

UPI has been a key driver of digital payments in India, with transactions growing significantly. MoS Finance Bhagwat K Karad highlights UPI's impact and government initiatives.

The Reserve Bank of India has superseded the board of Abhyudaya Cooperative Bank for one year due to poor governance standards. An administrator has been appointed to manage the bank's affairs.