Cooperative Banking
The Ministry of Finance, through a gazette notification issued on January 25, 2022, has sanctioned and notified the amalgamation scheme of Punjab and Maharashtra...
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The Ministry of Finance, through a gazette notification issued on January 25, 2022, has sanctioned and notified the amalgamation scheme of Punjab and Maharashtra...
The government of India has approved the merger of the debt-ridden of the Punjab and Maharashtra Co-operative Bank Ltd. (PMC Bank) with Unity Small...
Sahakar Bharati, the pan-India association of cooperators and cooperatives, has demanded that a section in the department of financial services be set up to...
The Union Cabinet has cleared amendments in the Deposit Insurance and Credit Guarantee Corporation Act, 1961, to provide relief to depositors in stressed banks....
The Reserve Bank of India has granted ‘in-principle’ approval to NBFC Centrum Financial Services to set up a small finance bank, which on formation...
The Reserve Bank of India has appointed A.K. Das, former General Manager of Union Bank of India as the Administrator of the Punjab and...
Tainted PMC Bank has approached other banks for a possible merger, according to a filing in a court. The bank’s efforts to recover funds,...
The Maharashtra government has recommended the merger of scam-tainted Punjab and Maharashtra Cooperative Bank with the Maharashtra State Cooperative Bank. Jayant Patil, who took...
While the PMC Bank fraud came to light, I was reading a novel End of Saamba Dance written by Sridhar Ramachandran. I was surprised...