New Delhi, August 01, 2023: The Union Cabinet, during its meeting on May 31, 2023, granted approval for what is set to become the “World’s Largest Grain Storage Plan in the Cooperative Sector.” This monumental initiative will be rolled out as a Pilot Project and will involve the establishment of various agricultural infrastructure components at…
Pune, August 6, 2023: In a significant move aimed at advancing the cooperative movement in India, Union Home Minister and Minister of Cooperation, Shri Amit Shah, inaugurated the digital portal of the Central Registrar of Credit Societies (CRCS) office today in Pune, Maharashtra. This momentous event witnessed the presence of several dignitaries, including Chief Minister…
Mumbai, October 31, 2023: In a significant stride towards enhancing the ease of complaint resolution for cooperative housing society members, the state of Maharashtra is all set to introduce an online portal. This portal, hosted on the Maharashtra cooperation website and accessible via the Sahakar Samvad mobile application, will enable members to file complaints conveniently…
Mumbai, September 28, 2023: In a recent development, the Reserve Bank of India (RBI) has taken decisive action against Bassein Catholic Co-operative Bank Ltd., located in Vasai, Maharashtra. By virtue of an order issued on September 22, 2023, the RBI has imposed a monetary penalty amounting to ₹25 lakh (Rupees Twenty-Five lakh only) on the…
Mumbai, September 28, 2023: The Reserve Bank of India (RBI) has taken stern action against Saraswat Co-operative Bank Limited, Mumbai, by imposing a monetary penalty of ₹23 lakh. This penalty comes as a consequence of the bank’s contravention of the provisions of Section 20(1)(b)(iii) read with Section 56 of the Banking Regulation Act, 1949 (BR…
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