The Global News Hub for Co-operatives
19 May '13

Content about Ahmedabad

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IndiaCHS: Maintenance is to be paid

Nimitt desain4 Dear Sir, My parents own a flat in Ahmedabad, India. However, they rarely live there. The flat is mostly locked-up. It has not been rented. Recently, they visited the flat to live for 2-3 months. The flat association management demanded fees from them for the past months as well as going forward. When my parents said that they would only pay for the months that they live in the flat, they were threatened that their water connection will be disconnected. Could you please ...

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Global NewsBapunagar Mihila Co-op Bank penalized

The Reserve Bank of India has imposed a monetary penalty on the Bapunagar Mihila Co-operative Bank, Ahmedabad last week. The apex bank found the Mahila Bank violating the Reserve Bank of India directives on exceeding the ceiling on unsecured advances. Bapunagar Mihila Co-operative Bank was also found accused of delay in reporting of Suspicious Transaction Reports (STRs), non-filing of First Information Reports (FIRs) and delay in submission of FIRs without any cogent reasons. After thorough ...

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Global NewsProgressive Mercantile Cooperative Bank penalized

The Reserve Bank of India has imposed a monetary penalty of Rupees one lakh  on the The Progressive Mercantile Co-operative Bank based in  Ahmedabad in Gujarat. The urban cooperative bank got penalized for violation of RBI’s instructions on Know Your Customers (KYC) and Anti Money Laundering (AML) norms. The Reserve Bank of India had issued a show cause notice to the bank, in response to which the bank submitted a written reply. After considering the facts of the case and the ...

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Global NewsFive killed in fire in Dudhsagar

Asia’s one of the biggest dairies, Dudhsagar, an affiliate of GCMMF that markets its products under the brand name of ‘Amul’, was engulfed in fire on Saturday , killing at least five persons and injuring 22 others. “Five persons have died, while 22 were injured in a fire that broke out at Dudhsagar Dairy,” Mehsana District Collector Rajkumar Beniwal told media. “Fire broke out in the dairy after a leakage in one of the gas pipelines passing from a cold ...

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