New Delhi: The Lok Sabha on Wednesday passed an amendment to the Banking Regulation Act to bring cooperative banks under the supervision of the RBI. The decision made to control huge interest on loans and to protect the interest of depositors, The Banking Regulation (Amendment) Bill, 2020 replaces an ordinance that was issued on June […]

Bengaluru: Chief Minister Siddaramaiah has taken exception to the Reserve Bank of India’s (RBI) recent instruction to commercial banks not to accept any credits from district cooperative banks. “I would like to know the reasons for preventing only the depositors of District Central Cooperative Banks from this facility now. I would like to know whether the RBI […]

Mangaluru : The police on Tuesday urged cooperative banks and societies in the district to scale up security measures on their premises by installing closed circuit television cameras, burglary alarms, and panic buttons. Speaking at a meeting of representatives of these institutions, organised by the South Canara District Central Cooperative Bank here, Superintendent of Police […]

Mangaluru : Theft at a branch of a cooperative bank in neighbouring Kasaragod on Monday has raised the question of security at cooperative banks in Mangaluru and other parts of Dakshina Kannada. As much as 20 kg of gold ornaments, pledged by customers, and Rs. 13 lakh were taken away from the Eriyal Branch of […]

Mangalore : Employees of old private sector as well as public sector banks went on a day-long strike against banking sector reforms. During the protest, the protestors said that around 10 lakh employees of public sector banks, old private sector banks, regional rural banks, and cooperative banks are on strike. UFBU contains five employees’ unions […]