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Thursday, September 4, 2025
TopicCooperative banks

Topic: cooperative banks

ED arrests ex-chairman of Karnataka co-op bank in Rs 63 crore fraud case

According to ED, large-scale misappropriation of funds was orchestrated at the said branch, primarily by the branch manager, B Shobha, on the instructions of R M Manjunatha Gowda.

Over 100 people took loans against property in Ahmedabad. They never saw money, lost their homes too

Ahmedabad-based Colour Merchants Cooperative Bank facing 7 FIRs for allegedly defrauding loan applicants, with charge sheets filed in 2. Police say they have received over 100 complaints.

Politics, influence, caste — the murky loan dealings of Gujarat’s cooperative banks

Gujarat’s urban cooperative banks have been making headlines for the wrong reasons, and many have been slapped with RBI fines for lending to own directors or their relatives.

Loans to own directors, families — why Gujarat’s cooperative banks are increasingly under RBI scanner

Urban cooperative banks account for bulk of fines by RBI. A significant share of these are for loans given to related parties — the overwhelming majority by institutions in Gujarat.

Not just national security or politics, Amit Shah has a new obsession—the ‘sahakari kshetra’

Modi govt, which is accused of helping capitalists, wants to make the cooperative sector the backbone of governance. And Amit Shah is leading the way.

What are cooperatives & how a new ministry set up amid Modi govt reshuffle will help

The new Ministry of Cooperation, the govt has said, will provide a separate administrative, legal and policy framework to strengthen the cooperative movement in the country.

Parliament passes bill to bring co-operative banks under RBI supervision

Speaking in the Rajya Sabha, Nirmala Sitharaman said the amendment is to protect depositors' interest and is only for cooperative societies engaged in banking activities.

Lok Sabha passes Bill giving RBI more power over co-op banks, to avoid PMC Bank-like situation

Finance Minister Nirmala Sitharaman said the Bill would protect depositors, but some opposition parties said the legislation would infringe on state powers.

Govt introduces bill in Lok Sabha to bring cooperative banks under RBI supervision

Opposition members opposed the introduction of the Banking Regulation (Amendment) Bill, accusing the Centre of encroaching on the rights of states.

Existence of cooperative banks should be preserved, Sharad Pawar writes to PM Modi

NCP chief Pawar also sought to debunk the notion that cooperative banks are faring worse than other banks, and called them the backbone of India's rural economy.

On Camera

On Arundhati Roy, mother-daughter conflicts, and the burden of being a ‘good mother’

When reading the book, one can see Roy’s mother as a 'fascist government' unto herself, the centre of her own cult. In Arundhati’s words, Mary Roy was ‘mother guru’.

A Rs 33,000 cr ‘banking fraud’: ED’s case against Arvind Dham, Amtek’s web of ‘500 shell companies’

ED has accused Amtek promoter Arvind Dham of controlling web of nearly 500 shell companies operating as a layered structure, with up to 15 levels of indirect ownership, to divert funds.

‘Loyal wingman’ to full ICBM triad & air defence, China’s show of power at Victory Day parade

China flaunted military might & modernisation as it displayed stealth drones, anti-satellite system & cyber warfare contingent during parade to mark victory over Japan in WWII.

For Indian Mercedes, Asim Munir’s dumper truck in mirror is closer than it appears

From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.