Cooperative bank

A fake loan scam involving a sum of Rs 500cr unearthed 19 July 2012

Mumbai District Central Cooperative Bank has involved itself in a major scam by disbursal of Rs 500 Crore worth fake loans. The people on whose names the loans were given were not aware of any such transactions in their accounts....

Keywords: Ghatkopar, credit societies, Economic Offences Wing, Andheri

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RBI norms to float co-operative banks 24 March 2012

The new guidelines will also include a provision under which well-managed cooperative credit societies can turn into co-operative banks, Karuppasamy said. “Well-managed credit societies and financially sound credit societies will be converted into co-operative banks provided they satisfy certain norms...

Keywords: NPAs, NPAs, banking infrastructure, RBI executive director S Karuppasamy

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Loan waiver in four districts only 09 August 2014

The Reserve Bank of India which is confusing, government and people on farm loan waiver scheme, has once again made familiar statements. The Central bank today said to Andhra Pradesh government that only four districts from AP state can avail...

Keywords: grameen bansk, cooperative banks, cooperative banks, grameen bansk

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A Peon assets worth Rs 7 crores 02 September 2014

What would be the average income of an peon in a bank. Well, hardly Rs 10,000 per month but a peon at bank in Madhya Pradesh has assets worth Rs 7 crores which includes a duplex bungalow, five huge homes,...

Keywords: Madhya Pradesh, Gwalior, Lokayukta raids, Lokayukta raids

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RS Dy Chairman figured in bank scam 13 February 2011

The saga of scam continues to haunt the nation as in a fresh case, the Rajya Sabha Deputy Chairman Rahman Khan has been named the prime accused in a Rs.160 crore misappropriation scam that has come to the light in...

Keywords: Mirror, Rahman Khan, Rahman Khan, Amanath Cooperative Bank

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