Speaking at the inauguration Ceremony of Financial Inclusion & Women’s Empowerment Initiative organized by the Cosmos Co-operative Bank in Pune ,Mr  Anand Sinha, Deputy Governor, RBI said that the apex Bank has always given importance to this theme. Deputy Governor and Senior Officials of the Reserve Bank have personally gone to various parts of the country to encourage this initiative. Currently, Financial Inclusion is being used on a large scale to take the banking facilities to ...

In a crucial pre-policy consultations of RBI with Urban Cooperative Banks’ representative, HK Patil, Chairman of NAFCUB demanded relaxation of interest rate and infusion of liquidity in the system. He advocated a cut of 50-75 basis points in CRR and 25-50 basis points reduction in repo rate. Urban Cooperative banks were led by the Chairman of NAFCUB HK Patil and others while a battery of top brass of deputy governors represented Reserve Bank of India. H K Patil also observed that with share ...

A delegation of fisheries cooperatives led by Fishcopfed Chairman Prakash Lonare met Union Agriculture Minister Sharad Pawar on Friday in Delhi to apprise Fishcopfed’s effort to erect a network of cold storage for the preservation of fish. Talking to Indiancooperative.com Mr Lonara sounded very enthusiastic on the Minister response. ‘Sharadji wanted us to go ahead with the project as we told him of our project of helping 1000 primary fisheries cooperatives in marketing fresh fish”, Lonare ...

Urban cooperative banks of National Capital Region have reacted in a mixed manner on the issue of latest RBI guidline on opening of Urban Cooperative bank with a seed capital of Rs 3 crore in place of Rs 15 lakh. Talking to Indiancooperative.com Yatindra Mallik, Chairman of Keshav cooperative bank welcomed the move and emphasized. that it would be always better to take the opinion of urban cooperative banks before issuing guidelines. The mutual exchange of ideas would help UCBs to implement RBI ...