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Nabard facilitates core banking solutions for co-operative banks
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Four central co-operative banks in Maharashtra signed an agreement with Wipro for implementing core banking solutions.[...More]
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Nabard starts infra lending to diversify
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The National Bank for Agriculture & Rural Development, or Nabard, has started lending directly to infrastructure projects out of its own resources for the first time in 30 years[...More]
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Co-operative societies workers entitled to ‘salesman' salary, says court
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Employees of co-op societies running fair price shops under public distribution system were entitled for emolument as ‘salesmen" and should not be treated in any other manner, the Madurai Bench of Madras High Court has ruled. [...More]
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Plots for 320 co-op housing members
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The district administration has decided to initiate action against erring office-bearers of cooperative housing societies violating the rules in a bid to provide relief to the members.[...More]
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Release Rs 300cr for PACS & coop banks, Centre told
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The fate of district cooperative banks hangs in balance as the Union government has not yet released Rs 330 crore as part of the package which it had agreed to earlier.[...More]
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Now, it's a fundamental right to form co-op societies
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The Parliament on Wednesday approved an amendment to the Constitution which will grant citizens a fundamental right to form cooperative societies.[...More]
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RBI allows co-op banks to fix NRE deposit rates
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The Reserve Bank today allowed cooperative and primary urban cooperative banks to fix their interest rates on various non-resident deposit schemes.[...More]
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Elders discuss Bill to strengthen cooperatives
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The Rajya Sabha today took up for discussion a Bill to amend the Constitution for strengthening cooperatives.[...More]
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Inquiry likely against Versova's Patliputra Cooperative Housing Society
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With legislators from both treasury and opposition benches demanding action against the Patliputra Cooperative Housing Society at Versova in Mumbai for illegalities committed on the plot[...More]
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State to grant Rs 400cr to cooperative bank
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The state government is set to take absorb yet another financial burden in the current year. After announcing a Rs 2,000 crore relief package for farmers in cotton, soyabean and paddy growing areas, the government has now decided to pay Rs 400 crore to the Maharashtra State Cooperative Bank.[...More]
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Co-ops for cab drivers, vegetable farmers on cards
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Cab drivers, vegetable farmers and those interested in providing healthcare services could soon set up co-operatives in Andhra Pradesh. [...More]
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Pay 2 more per litre of Goa Dairy milk
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Goa Dairy has raised milk prices by 2 per litre from Wednesday. The Goa Milk Producers' Cooperative Union, also known as Goa Dairy issued a circular to dealers informing of the hike [...More]
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Co-op banks observe day’s closure on Dec 8
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About 49 co-operative banks in south Gujarat will observe a day’s strike called by National Federation of State Co-operative Banks Limited (NAFSCOB) on Thursday to demand restoration of the four-decade-old income tax[...More]
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PNB aims to boost agri credit
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A special credit campaign for agriculture was organised at Punjab National Bank, Moorkanikara Branch, Thrissur, where agriculture credit amounting to Rs 1 crore was released.[...More]
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State demands KCC to all farmers
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Chief Minister Naveen Patnaik on Saturday exhorted Union finance minister Pranab Mukherjee to direct commercial banks to launch a special drive to provide Kishan Credit Cards (KCC) to all farmers in Odisha by December-end.[...More]
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