RBI cancels licence of Maharashtra-based bank


The Reserve Bank of India (RBI) on August 13 said it has cancelled the licence of Karnala Nagari Sahakari Bank of Maharashtra.
Consequently, the bank ceases to carry on banking business, with effect from the close of business on August 13, 2021, the RBI said in a release.


"The Commissioner for Cooperation and Registrar of Cooperative Societies, Maharashtra has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank," the RBI said.As per the data submitted by the bank, 95 percent of the depositors will receive full amounts of their deposits from Deposit Insurance and Credit Guarantee Corporation (DICGC), the RBI said.


The RBI said the bank does not have adequate capital and earning prospects and failed to comply with the requirements of various sections of the Banking Regulation Act, 1949.The continuance of the bank is prejudicial to the interests of its depositors and the bank with its present financial position would be unable to pay its present depositors in full, the RBI said, adding public interest would be adversely affected if the bank is allowed to carry on its banking business any further.


“The bank is prohibited from conducting the business of ‘banking’ which includes acceptance of deposits and repayment of deposits as defined in Section 5(b) read with Section 56 of the Banking Regulation Act, 1949 with immediate effect,” the RBI said.On liquidation, every depositor would be entitled to receive deposit insurance claim amount of deposits up to Rs five lakh from the DICGC, the RBI said.


This is the latest instance of the central bank clamping down on weak co-operative banks. In 2021 so far, the RBI has issued over 100 directives imposing various regulatory measures on erring or poorly run urban co-operative banks.Doing so, the central bank has continued the clampdown on the industry, which it kicked off in 2020.


Prior to Karnala Bank, the RBI cancelled the licence of three banks in 2021--Shivajirao Bhosale Sahakari Bank on May 31, Bhagyodaya Friends Urban Co-operative Bank Limited on April 22 and Vasantdada Nagari Sahakari Bank on January 11.Last year, it cancelled three permits--Karad Janata Sahakari Bank, CKP Co-operative Bank and the Mapusa Urban Co-operative Bank of Goa.


The RBI has a system in place to enforce punitive actions. The RBI’s Enforcement Department (EFD, set up in April, 2017 to separate enforcement action from supervisory process, identifies actionable violations from the inspection reports, risk assessment reports and scrutiny reports. Market intelligence reports, references from the top management and complaints are also used for investigation. An Adjudication Committee then adjudicates the violations and determines the quantum of penalty.


Besides punishing weak co-operative banks, the RBI has been tightening the rules for these institutions. On June 25, the central bank issued two back-to-back notifications on appointment of managing directors and chief risk officers of urban co-operative banks. The RBI said the tenure of the managing director shall not be for a period of more than five years at a time, subject to a minimum period of three years at the time of first appointment.


Also, the performance of the MD needs to be reviewed by the Board annually, the RBI said, adding the post of the MD or WTD (whole-time directors) cannot be held by the same incumbent for more than 15 years, the RBI said. Further, the UCBs need to ensure that the ‘fit and proper’ criteria of the MD, who should function under the overall general superintendence, direction and control of the Board of Directors, the RBI said.

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Cooperative banks now subject to regulation by Reserve Bank of India

As an offshoot to the unravelling of Punjab and Maharashtra Cooperative Bank debacle in 2019, the President, in exercise of the powers conferred by Clause (1) of Article 123 of the Constitution of India, promulgated the Banking Regulation (Amendment) Ordinance, 2020 (hereinafter referred to as the “Ordinance”) on 26.06.2020. 

The ordinance has primarily been promulgated for bringing cooperative banks under the supervisory powers of the Reserve Bank of India (hereinafter referred to as “RBI”), in order to protect the interest of depositors across the country and strengthen cooperative banks by improving governance and oversight. The said intention of the central government was first intimated to the public by the finance minister, Nirmala Sitharaman during the presentation of the annual budget of the current financial year.

The ordinance effectively amends the Banking Regulation Act, 1949 (hereinafter referred to as the “Principal Act”) by extending powers already available with the Reserve Bank of India, in respect of other banks, to co-operative Banks as well for better management, sound banking regulation, ensuring professionalism and enabling their access to capital. 

The ordinance does not take away the powers of the state registrars of co-operative societies under state co-operative laws. Furthermore, the ordinance does not affect Primary Agricultural Credit Societies or co-operative societies, having a primary object and principal business of long-term finance for agricultural development, and which do not use the words “bank”, “banker” or “banking” and do not act as drawees of cheques. The ordinance also amends Section 45 of the Principal Act, to enable making of a scheme of reconstruction or amalgamation of a banking company for protecting the interest of the public, depositors and the banking system and for securing its proper management, even without making an order of moratorium, so as to avoid disruption of the financial system.

Prior to the ordinance, the duty to regulate the cooperative banks was shared by the RBI and the respective state registrar’s of the cooperative societies. The role of the registrar was to have a statutory oversight over the incorporation, management, audit and liquidation of the such banks, while the role of the RBI was restricted to overlooking the mere maintenance of cash reserves and capital adequacy. 

It is pertinent to note herein that this is the general regulatory role that RBI usually plays with respect to banks, irrespective of the nature of functioning. Therefore, following the irregularities uncovered in relation to such cooperative banks and with the intention to protect the hard earned money of approximately 8.6 crore depositors panning across 1,540 urban and multi-state cooperative banks, amounting to a total of up to Rs.4.84 lakh crores, the aforementioned ordinance was promulgated by the President of India. The Banking Regulation (Amendment) Bill, 2020 was previously introduced in the House of People on 03.03.2020 but could not be taken for consideration by the House of People due to the coronavirus pandemic.

Most cooperative banks, on account of the mismanagement prevalent therein, led to undercapitalisation and poor management and supervision thereby, leading to losses suffered by the innocent depositors. 

In the past many years, the RBI has been seen to impose restrictions on lending and withdrawals on such banks, that are able to continue to operate with the explicit or implicit support from the government for years. However, subsequently they are wound up and their licence cancelled, thereby, increasing the sufferings of those innocent depositors, until the bank is finally liquidated.

With the promulgation of the ordinance by the President, the banks will now be audited according to the norms of the RBI instead of that of the state registrars. The central bank will also have the power to supersede the board of such banks by taking charge of certain banking actions for an interim period, but such can be done only when the bank in question is found to be in an exceptional circumstance; and with the consultation of the respective state government. The resultant effect of the ordinance is that the state registrars will continue to undertake the administrative functions, that they used to perform earlier, but simultaneously, the cooperative banks of the country have been made more answerable to the RBI.

The Principal Act provides that RBI may apply to the central government to place a banking company under a moratorium, during which, no legal action can be initiated or continued against the bank for a period of up to six months. Further, the bank cannot make any payment or discharge liabilities during this period. The ordinance, however, adds that during the period of moratorium, the bank cannot grant any loans or make investments in any credit instruments.

The Principal Act also stipulates that during the period of moratorium, RBI may prepare a scheme for reconstruction or amalgamation of the bank, if it is satisfied that such an order is needed to secure proper management of the bank, or in the interest of depositors, general public, or the banking system. However, the ordinance allows RBI to initiate such a scheme as mentioned above, without imposing a moratorium.

It is also pertinent to herein that the ordinance provides that a cooperative bank, with the prior approval of the RBI and such other conditions as mentioned therein, may issue equity shares, preference shares, or special shares on face value or at a premium to its members or to any other person residing within its area of operation, by way of public issue or private placements. Further, it may issue unsecured debentures or bonds or other like securities with maturity of not less than ten years to such persons.

In view of the aforesaid changes, the ordinance is, indeed, a positive move taken by the central government, with a view to help and end the misery of depositors by protecting their money deposited in such cooperative banks so that they do not have to face any inconveniences in the form of restrictions on daily withdrawals, as was seen in the Punjab and Maharashtra Cooperative Bank fiasco. Such a move would not only give the RBI more power to regulate cooperative banks but also safeguard the money of the depositors.
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RBI extends directions for three Urban Co-Operative banks

The Reserve Bank of India (RBI) has on July 30 extended its directions for three urban cooperative banks – the Vasantdada Nagari Sahakari Bank, the Kapol Cooperative Bank and the Maratha Sahakari Bank – all from Maharashtra.

The central bank in separate notifications for the latter two, said that extension should not “per-se be construed to imply that it is satisfied of substantive improvement in the financial position of the aforementioned banks,” the Hindu BusinessLine reported.

For the Vasantdada Nagari Sahakari Bank in Osmanabad, which closed in November 2017, the RBI has extended period of directions by two months to September 30, 2020 from August 1, 2020 – subject to review.

The central bank clarified that this should “not per se be construed as cancellation of banking license by it. The bank will continue to undertake banking business with restrictions till its financial position improves.”

For The Kapol Cooperative Bank in Mumbai, which closed in March 2017, the RBI has extended validity of directions by six months till January 31, 2021 from August 1, 2020. This will be subject to review.

For the Maratha Sahakari Bank in Mumbai, which has been under RBI directions since its closure in August 2016, the period of directions has been extended for five months from August 1, 2020 till December 31, 2020.
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The Co-op bank crisis: How 1,500+ urban cooperative banks are being run and regulated


The lender, with deposits in excess of Rs 11,000 crore, appears not to have adequately reported the size of its non-performing assets

Last Friday, no one turned up to deliver milk at Avillion Greenfields, a cooperative housing society in Mumbai. The delivery boys were apparently unable to withdraw enough cash from their bank to buy milk supplies.

Their savings are currently stuck at Punjab & Maharashtra Cooperative (PMC) Bank, which has been put under restrictions by the Reserve Bank of India for refusing to recognise its bad loan situation. Withdrawals from bank accounts have been restricted.

It’s not just the milk boys. Raju Agarwal, civil contractor who lives in Avillion Greenfields, has fixed deposits of nearly Rs 50 lakh in the same urban cooperative Bank. Even the two Avillion Greenfields housing societies at Jogeshwari East together have deposits of nearly Rs 3.5-crore in the crisis-hit lender. “Nearly 200 residents in our complex have deposited money in PMC Bank. And for the last few days, there has been a pall of gloom all around,” Agarwal, 57, tells ET Magazine.

The lender, with deposits in excess of Rs 11,000 crore, appears not to have adequately reported the size of its non-performing assets, especially a Rs 2,500 crore exposure to real estate company HDIL Group, which has been taken to the bankruptcy courts by creditors.

Under Lens
The plight of PMC Bank depositors across Maharashtra, Karnataka, Goa, Gujarat, Andhra Pradesh, MP and Delhi and the impunity with which its officials flouted norms raises questions about management of all 1,500-odd urban cooperative banks with total deposits of nearly Rs 4.5 lakh crore.

Urban cooperative banks are divided into two tiers based on their area of operation. While only 31% of them are in tier-2 category, they account for more than 85% of deposits and advances.

Many small cooperative banks and cooperative societies also keep their deposits in large urban cooperative banks. Agarwal says the urban cooperative banks often offer slightly higher interest rates than state-run banks and aggressively seek deposits from housing societies.

“The biggest worry is that this [crisis at PMC Bank] can have a cascading effect,” says Arvind Khaladkar, who during his time as chairman of Pune-based Janata Sahakari Bank, was credited with turning around the cooperative lender.


He says nearly 130 smaller banks have deposits at PMC Bank, and if the lender is unable to return their money, all these small banks will have to mark their deposits as NPAs. “Cooperative banks operate on thin margins and this NPA will mean they will all be in loss, triggering a wider crisis,” the retired banker told ET Magazine.

Demand for Answers
Soon after the RBI appointed an administrator for PMC Bank last Tuesday, angry depositors gathered outside different branches to get their money out. By Thursday, RBI increased the cash withdrawal limit from Rs 1,000 to Rs 10,000.

Meanwhile, several first information reports have been filed against the bank’s top management. On Friday, even as the bank’s deposed managing director Joy Thomas held a press conference in Mumbai, assuring safety of deposits, many of the depositors met near a branch in Andheri to discuss how to bring the management and the board to book.

Lending Mistakes

While all the focus is now on PMC Bank, Khaladkar refers to a larger issue — of how cooperative banks struggle to invest the funds raised as deposits and end up extending risky loans. “At one time, PMC Bank had lower deposits than Janata Sahakari. But they overtook us. When you grow fast, you need to also deploy that cash fast. That is when mistakes happen.”

The bank’s books also show a sudden spurt in term deposits. While its term deposits grew by 11.6% in FY17 and 10.96% in FY18, in FY19, the deposits jumped by 18.9%, crossing Rs 9,325 crore. Thus, the real growth in FY19 was double that of FY18. In this period, the bank’s total deposits grew by 16.89% to Rs 11,617 crore.

Former BJP MP Kirit Somaiya, who first registered a police case against PMC Bank and also met RBI deputy governor NS Vishwanathan over the issue, says: “This is a horrible situation — a clear financial fraud. The main borrower of PMC, HDIL, is already insolvent. There has to be an immediate relief for depositors and rehabilitation for the bank.”

Urban cooperative banks are caught in a time warp, he says. “They have assets like branch networks, but today when banks are going fully online, what is the value of the branches?”

The PMC Bank crisis has also broken out at a time when most cooperative banks and cooperative housing societies are rushing to hold their annual general meetings (AGM) before the September 30 deadline.

Though the AGM of PMC Bank has been postponed amid the ongoing crisis, fireworks are likely at meetings of other urban cooperative banks.

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Customers of this multi-state cooperative bank can not withdraw more than ₹1,000 from their accounts, says RBI

Reserve Bank of India or RBI has put restrictions on the amount depositors of Mumbai-based Punjab and Maharashtra Cooperative Bank (PMC Bank) can withdraw from their accounts with the urban co-operative bank. "According to the Directions, depositors will be allowed to withdraw a sum not exceeding ₹1,000 of the total balance in every savings bank account or current account or any other deposit account by whatever name called, subject to conditions stipulated in the RBI Directions," the RBI said.

The RBI however said that the issue of the directions to PMC Bank should not be construed as cancellation of banking licence by the central bank. PMC Bank can continue to undertake banking business with restrictions till further notice/instructions from RBI. The Reserve Bank may consider modifications of these directions depending upon circumstances. The restriction will remain in force for a period of six months from the close of business of the bank on September 23, said RBI.

Further, according to the RBI's restrictions on the urban cooperative bank, PMC Bank will also not be able to grant or renew any loans and advances, make any investment, incur any liability including borrowal of funds and accept fresh deposits, disburse or agree to disburse any payment whether in discharge of its liabilities and obligations, without prior approval in writing from the central bank.

A copy of the new RBI directive should be forwarded to each depositor and will displayed on bank's website, said PMC Bank.

PMC Bank is a multi-state scheduled urban co-operative bank with its area of operation in the States of Maharashtra, Delhi, Karnataka, Goa, Gujarat, Andhra Pradesh and Madhya Pradesh.

Founded in 1984, PMC Bank has now grown to a network of 137 branches in six states and ranks among the top 10 cooperative banks in the country.

In a statement on Tuesday, the PMC Bank's Managing Director Joy Thomas said the bank had been put under regulatory restrictions by the RBI owing to irregularities disclosed to the apex bank.

"As the MD of the Bank, I take full responsibility and assure all the depositors that these irregularities will be rectified before the expiry of six months," Thomas told the banks' thousands of distressed customers.
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Punjab and Maharashtra Co-operative Bank Limited (PMC Bank) Recruitment for Various Posts 2019


Punjab and Maharashtra Co-operative Bank Limited (PMC Bank) has published Advertisement for below mentioned Posts 2019. Other details like age limit, educational qualification, selection process, application fee and how to apply are given below in the advertisement.


Posts:


  • Management Trainee: 
    • Graduate in Commerce/ Science/ Arts from recognised University with aggregate marks of 45 per cent and above. Basic Computer course in the form of degree or diploma or a certificate.
    • Age Limit: 20 to 27 years
    • 1st Year - ₹ 20,090/- pm, 2nd Year - ₹ 21,520/- pm, 3rd year - ₹ 22,950/- pm
  • Trainee Office Assistant
    • Male Graduate degree in Arts/ Commerce/ Science from recognized University with aggregate marks less than 45 per cent or Higher Secondary Certificate (Matric with 12th) Pass.
    • Age Limit: 20 and 25 years
    • 1st Year - ₹ 11,990/- pm, 2nd Year - ₹ 13,810/- pm


Selection Process: Candidates will be selected based on Online Objective Test and Interview. The structure of the Online Objective Test will be based on (a) English (b) Numerical Ability (c) Test of Reasoning and (d) General Awareness.

How to Apply: Interested Candidates may Apply Online Through official Website.


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The Surat People's Co-operative Bank Ltd. Recruitment for Assistant General Managers Posts 2018


The Surat People’s Co-operative Bank Ltd. has published Advertisement for below mentioned Posts 2018. Other details like age limit, educational qualification, selection process, application fee and how to apply are given below.



Posts: Assistant General Managers

Total No. of Posts: 03 Posts

Educational Qualification: CAIIB Post Graduate degree / Double Graduate degree / Post Graduate Diploma from any recognised University

Position/Experience: The applicant shall have at least 10 years of experience of working at the middle / senior level in the banking sector. Knowledge of computer & digital banking would be preferred.


Age LimitNot Less than 50 Years

Present Emoluments: Rs. 94,000/- (Approx) p.m. + Other benefits / perquisites *
* For more details, read official notification.

Selection Process: Candidates will be selected based on an interview.

How to Apply: Interested Candidates may Apply Online Through official Website.


Important Dates:

Last Date to Apply Online: 05-10-2018

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RBI cancels licence of Alwar Urban Co-operative Bank


The RBI today said the licence of Alwar Urban Co-operative Bank in Alwar, Rajasthan has been cancelled as it is not in a position to pay its depositors in full as and when their claims accrue, among other reasons.

The present financial position of the bank leaves no scope for its revival, the RBI said, adding that the cancellation of the licence is effective from the close of business on July 5.
"The Registrar of Co-operative Societies, Rajasthan has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank," the RBI said in a statement.


With the cancellation of licence and commencement of liquidation proceedings, the process of paying the depositors of Alwar Urban Co-operative Bank as per the DICGC Act will be set in motion.

"On liquidation, every depositor is entitled to repayment of his/her deposits up to a monetary ceiling of Rs 1,00,000 from the Deposit Insurance and Credit Guarantee Corporation (DICGC) as per usual terms and conditions," the central bank said.

As the licence stands cancelled, the bank has been prohibited from conducting the business of banking, which includes acceptance of deposits and repayment of deposits with immediate effect, the RBI added.

The cancellation order was issued on July 3.

Giving reasons for cancellation of the licence, it said the bank does not have adequate capital and earning prospects, and hence does not comply with the relevant provisions of the Banking Regulation Act, 1949.

"The bank is not in a position to pay its present and future depositors in full as and when their claims accrue and thus, the bank does not comply...(with) the Banking Regulation Act, 1949," RBI said.


It further said the "affairs of the bank are being conducted in a manner detrimental" to the interest of its present and future depositors.

The RBI also noted that no useful purpose would be served by allowing the bank to continue.Rather, public interest would be adversely affected if the bank is allowed to carry on its banking business any further, it added.

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RBI proposes Board of Management in Urban Co-operative banks

The RBI today proposed that all Urban Co-operative Banks (UCBs) having deposits of over Rs 100 crore will have to set up a Board of Management within one year to promote professional management in the banks. BoM will be in addition to the Board of Directors (BoD), said the RBI’s draft guidelines on which it has invited public comments by July 24. An expert committee on licensing of new Urban Cooperative Banks (2010) set up under the chairmanship of Y H Malegam had recommended, inter alia, that a BoM in every UCB, in addition to the BoD, which was reiterated by the High Powered Committee on Urban Cooperative Banks (Chairman R Gandhi) constituted in January 2015.
After considering the feedback of the stakeholders, it has been decided to implement the suggestion of the Malegam Committee on putting in place a BoM in addition to BoD in UCBs, the RBI said. Currently, the BoD of a UCB perform both the executive and supervisory roles and has the responsibility to oversee the functioning of UCB as a co-operative society as well as its functions as a bank.


Since UCBs are accepting public deposits, it is imperative that a separate mechanism be put in place to protect the interests of depositors, the RBI said while proposing to implement a BoM consisting of members with special knowledge and practical experience in banking to facilitate professional management and focussed attention to banking related activities of UCBs.
“There shall be a BoM in every UCB in addition to the Board of Directors. BoM shall be constituted by the Board of Directors (BoD). Existing UCBs having deposit size exceeding Rs 100 crore shall put in place the BoM within a period of one year. Other banks may constitute the BoM within a period of two years,” the draft said.
The proposed BoM will have a minimum of three members in UCBs having deposit size up to Rs 100 crore and five members in UCBs having deposit size above Rs 100 crore. The maximum number of members in BoM should not exceed 12.

As per the draft, the BoD, however, will continue to be the apex policy setting body and constitute various committees of the Board, including the BoM to assist the Board in carrying out its responsibilities. It will delegate powers to the various committees as considered appropriate.
On the functions of the BoM, the draft said it will consider loan proposals, recommend action for recovery of bad loans, implement sound internal controls and oversee compliances, among others. The draft also proposes ‘Fit and Proper’ criteria for selection of Chief Executive Officers or Managing Directors of UCBs.
The draft said that any person who has had a business relationship with the bank, in question, during the immediate preceding three years will not be eligible for appointment as members of BoM. Further, constitution of BoM will be a mandatory condition for obtaining regulatory approval for expansion of area of operation and opening of new branches by existing UCBs.
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Rajkot Nagarik Sahakari Bank Ltd. (RNSB) Recruitment for Office Assistant - Peon (Trainee) Post 2018


Rajkot Nagarik Sahakari Bank Ltd. (RNSB) has published Advertisement for below mentioned Posts 2017-18. Other details like age limit, educational qualification, selection process, application fee and how to apply are given below.

Posts: Office Assistant - Peon (Trainee)

Education Qualification: Any Graduate

Experience: Fresher may apply

Age Limit: up to 30 Years

Location: Rajkot

Remark: The above post will be filled up on fixed term contract .Only local and male candidates will be considered.


How to Apply: Interested and Eligible Candidates may Apply Online Through official Website.


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Important Dates:
Starting Date of Online Application: 14-04-2018
Last Date to Apply Online: 23-04-2018
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Saraswat Bank Recruitment for Branch Managers Posts 2018

Saraswat Bank, the premier Multi-State and the largest Bank among the Co-operative Banks in India, is inviting applications for filling up Branch Managers for its branches in Mumbai, Thane, Pune, Nashik, Aurangabad, Nagpur, Vadodara, Ahmedabad, Bengaluru, and Indore. Other details like age limit, educational qualification, selection process, application fee and how to apply are given below.

Posts: Branch Managers - Marketing & Operations

Educational Qualification:

  • Minimum Second Class in B.Com. / B.Sc. from a recognized University.
  • Candidates with CAIIB/Professional Qualification will be preferred.

Work Experience :
  • Minimum 3 years experience as Branch Manager in the cadre of Manager / Officer in any Nationalised Bank or Reputed Co-operative Bank. The Branch Managers should have handled both assets and liabilities products

Selection Process: Candidates will be selected based on an interview.

How to Apply: Interested candidates may submit their application with complete details, in the format available on the Saraswat Bank's website (http://www.saraswatbank.com) within 7 days and send their detailed application along with required documents to the following address


Mrs. Pearl R. Varghese
Chief General Manager – Head HRD & SLC
Saraswat Co-operative Bank Ltd.,
Ekanath Thakur Bhavan, Plot No. 953,
Appasaheb Marathe Marg, Prabhadevi,
Mumbai 400 025

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Last Date: Within 07 days from the date of Advt. Published
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The Gandhinagar Nagarik Co. Op. Bank Ltd. Recruitment for Branch Manager & Stenographer Posts 2017


The Gandhinagar Nagarik Co. Op. Bank Ltd. has published Advertisement for below mentioned Posts 2017. Other details like age limit, educational qualification, selection process, application fee and how to apply are given below.

Posts:

  • Branch Manager 
    • Age Limit: 45 years
  • Stenographer cum Gujarat and English Typist 
    • Age Limit: 40 years

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Kalol Nagrik Sahakari Bank Recruitment for different Posts 2017


The Kalol  Nagrik Sahakari Bank has published Advertisement for below mentioned Posts 2017. Other details like age limit, educational qualification, selection process, application fee and how to apply are given below.

Posts:


  • General Manager:01 Post
  • EDP Officer: 01 Post
  • Clerk: 20 Posts


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The Kalupur Co-Operative Bank Recruitment for Various Posts 2017


The Kalupur Co-Operative Bank has published Advertisement for below mentioned Posts 2017. Other details like age limit, educational qualification, selection process, application fee and how to apply are given below.
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COSMOS Co Operative Bank Recruitment of Managers, Assistant Managers and Clerks Posts 2017


COSMOS Co Operative Bank Limited (COSMOS BANK) has published Advertisement for below mentioned Posts 2017. Other details like age limit, educational qualification, selection process, application fee and how to apply are given below.


Posts:

  • Managers
  • Assistant Managers / Trainee Officers
  • Clerks


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List of Co-Operative Banks in India


Scheduled Urban Co-Operative Banks

In India, at present, there are total 53 scheduled Urban Co-Operative banks in India.
  1. Ahmedabad Mercantile Co-Op Bank Ltd.
  2. Kalupur Commercial Coop.Bank Ltd.
  3. Madhavpura Mercantile Co-Op Bank Ltd.
  4. Mehsana Urban Co-Op Bank Ltd.
  5. Nutan Nagarik Sahakari Bank Ltd.,
  6. Rajkot Nagrik Sahakari Bank Ltd.
  7. Sardar Bhiladwala Pardi Peoples Coop Bank Ltd.
  8. Surat Peoples Coop Bank Ltd.
  9. Amanath Co-operative Bank Ltd.
  10. Andhra Pradesh Mahesh Co-Op Urban Bank Ltd.
  11. Charminar Co-operative Urban Bank Ltd.
  12. Vasavi Coop Urban Bank LImited.
  13. Indian Mercantile Co-operative Bank Ltd.,
  14. Abhyudaya Co-operative Bank Ltd.,
  15. Bassein Catholic Co-operative Bank Ltd.
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