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Total 106 results found. Search for [ urban cooperative banks ]

Results 1 to 21 of 106
Anand Adhikari
January 14, 2020
Sri Raghavendra is the newest urban cooperative bank to have come under the Reserve Bank of India's (RBI) monitoring


Anand Adhikari
January 8, 2020
Among those under RBI's radar, three are from Maharashtra -- Shreeji Bhatia Cooperative Bank, Mansingh Cooperative Bank and Shri Anand Cooperative Bank


Anand Adhikari
Mumbai, January 3, 2020
Despite higher limits, the outstanding deposits of the bank have reduced from around Rs 11,800 crore in September, when the RBI took charge of the bank, to Rs 10,800 crore by November-end


Divyesh Singh
December 30, 2019
Charge sheet filed by the Enforcement Directorate earlier this month has revealed that HDIL group companies need to repay Rs 6,117.93 crore to PMC Bank as on August 31, 2019


PTI
December 29, 2019
The break-up of the claim with DICGC shows Rs 3,414 crore in the case of state cooperative banks and district central cooperative banks, and Rs 10,684 crore in the case of urban cooperative banks, including PMC Bank


Reuters
New Delhi, December 28, 2019
State-owned public sector banks need to build stronger buffers to absorb any disproportionate operational losses, while private lenders need to focus on corporate governance, the RBI says


Anand Adhikari
Mumbai, December 28, 2019
This is primarily due to change in macroeconomic scenario, marginal increase in slippages and the denominator effect of declining credit growth, RBI said in its Financial Stability Report


BusinessToday.In
New Delhi, December 27, 2019
UCBs should take utmost care about data accuracy and integrity while submitting the information /data on large credit to RBI, failing which penal action as per the provisions of the Banking Regulation Act, 1949 may be taken


BusinessToday.In
New Delhi, December 27, 2019
The chargesheet has named PMC Bank's erstwhile chairman Waryam Singh, former managing director Joy Thomas, former director of the bank Surjit Singh Arora, along with HDIL promoters Rakesh Wadhawan and Sarang Wadhawan


Anand Adhikari
New Delhi, December 24, 2019
The Reserve Bank of India's (RBI) annual report raises concerns over the bad loan resolution, credit growth challenges, corporate governance issues in banks and possibility of defaults in retail assets


BusinessToday.In
New Delhi, December 16, 2019
PMC Bank scam: The depositors said that they are hopeful of recovering their money and that the PMC Bank would be revived in the future


BusinessToday.In
December 13, 2019
The Board's discussions focussed on issues related to urban cooperative banks, extension of Enforcement Policy and Framework to cooperative banks and NBFCs, the RBI said in a statement


Prasanna Mohanty
December 11, 2019
More tribunals, more resolution professionals, a higher threshold for the default process to set in from the current level of Rs 1 lakh and streamlining of the appeal process to cut down delays are needed to make the Insolvency and Bankruptcy Code (IBC) more efficient


PTI
New Delhi, December 10, 2019
State-run lenders had posted aggregate operating profits during 2017-18 and 2018-19 of Rs 1,55,603 crore and Rs 1,53,871 crore respectively


PTI
New Delhi, December 9, 2019
PSBs had posted huge losses in 2017-18 and 2018-19 financial years due to heavy provisioning for non-performing assets and other contingencies, said Minister of State for Finance Anurag Singh Thakur in Parliament


Prasanna Mohanty
New Delhi, December 5, 2019
The second and concluding part looks at how the quarterly GDP estimates use the organised sector indicators to measure the unorganised sector, which contributes nearly 50% to the GDP, thereby giving a misleading picture of the state of economic health


Prasanna Mohanty
New Delhi, December 4, 2019
All the key economic indicators have been on a downward swing for quite some time. If this slide is not checked India may slip into recession sooner than later. In this first part of a two-part series, the article looks at what the major economic indicators are telling about the state of Indian economy


Anand Adhikari
December 3, 2019
Post the debacle of PMC Bank, there was a view that RBI should nudge cooperative banks to transform into SFBs. Under the SFB guidelines, the UCBs require a net worth of Rs 50 crore and capital adequacy of 9%


Prasanna Mohanty
December 1, 2019
Insolvency and Bankruptcy Rules of 2019 would help but more needs to be done: tighter RBI control and supervision, infusion of long-term funds (including capital) and reduction in mismatch in assets and liabilities


Prasanna Mohanty
November 21, 2019
Co-operative sector banks, particularly the urban co-operative banks (UCBs), are falling apart slowly but surely with mounting stressed assets, the full extent of which may not be known


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