Page 2 - Co-operative Bank

Two co-op banks move HC against Centre's ordinance bringing them under RBI

The first bench, comprising Chief Justice A P Sahi and Justice Senthilkumar Ramamoorthy, which admitted the pleas, posted the matter to July 20.

Ex-CEO of co-op bank in Bengaluru found dead; police suspect suicide

Recently, the Anti Corruption Bureau had raided the office and residence of Vasudeva Maiya, the former CEO of the Guru Raghavendra Sahakara Bank, and a few other executives of the bank

RBI to gain regulatory control over co-operative banks in a phased manner

For now, the new Ordinance has been made effective from June 29 to cover multi-state co-operative banks, others will be covered at a later date

Statsguru: A look at the performance of UCBs as RBI gets more control

Following the Punjab and Maharashtra Co-operative Bank crisis, there has been a growing call to give more teeth to RBI in regulating such banks

RBI can frame revival plan for all banks without imposing moratorium

The RBI has to impose restrictions on lending and withdrawal activities before it can frame a revival scheme for commercial and co-operative banks, according to the previous law

Just the first step

Co-operative banks need intervention at multiple levels

Letter to BS: Bringing co-operative banks under RBI will be tough

This view gains more prominence in the wake of the apprehensions expressed by some fi­nance industry experts about the efficacy of the RBI's extant supervisory bandwidth

Letter to BS: Be wary of co-op banks even if they pay better interest rates

Customers should not be enticed by higher interests and risk their corpus

Bengaluru co-operative bank comes under RBI curbs, blames 62 dud loans

"Your money is 100 per cent safe with Sri Guru Raghavendra Sahakara Bank. It's my responsibility," Ramakrishna said at Sri Guru Narasimha Kalyanamandira auditorium, to assure depositors

Assure our money is safe, revive PMC Bank: Depositors urge RBI

The PMC Bank has been put under restrictions by the RBI after an alleged fraud of Rs 4,355 crore scam came to light

Lessons from PMC: Why govt is responsible for co-operative bank crises

At no time has it made customers aware of any additional risk in such banks, over scheduled commercial banks

How to defuse the co-operative bomb

The minimum capital requirement for a co-operative bank is Rs 1 lakh - an amount that has remained unchanged since 1949

Give RBI sole and full authority over co-op banks, says central bank staff

The association says RBI should get complete regulatory powers over cooperative banks and start doing on-site supervision.

Letter to BS: How to stem the rot that plagues Cooperative banks

Cooperative banks thrive in the ecosystem of small business, traders, petty service providers

Investors fear NBFCs, small co-op banks may trip financial system: Analysts

Smaller banks with lower capital under scanner, they say

Failures of supervision

RBI needs to upgrade oversight capacity

PMC Bank set to file FIR against sacked managing director Joy Thomas

Joy Thomas to be charged with misrepresenting the bank's books and hiding bad debts of HDIL

Co-operative banks are riskier, park only part of your money with them

The difference in interest rate between State Bank of India and PMC Bank's 5-year deposit is 100 basis points. Do not go for riskier options like co-operative bank only for the higher return

Co-op banks, audit firms and HFCs: All victims of ineffective supervision

Gaps in the regulatory system exist because the body tasked with overseeing them is toothless, or there is confusion about who oversees certain firms, or regulators simply don't exist in some cases

Kerala govt proposes merging co-operative banks to form a bank

If the merger does take place under one entity, it could create the largest number of branches under one bank