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Cooperative Bank

Sikkim bank bags national award

The award was presented to Pema Chenzom, managing director of the bank, by Union home minister Amit Shah during a grand ceremony held at Bharat Mandapam, Pragati Maidan, New Delhi, on Tuesday.

RBI slaps penalties on 9 cooperative banks for violating compliances

These banks include The Berhampur Cooperative Urban Bank, The Kendrapara Urban Co-operative Bank, The Jamshedpur Urban Cooperative Bank, Krishna Mercantile Co-operative Bank, Renuka Nagarik Sahakari Bank Maryadit, Jila Sahakari Kendriya Bank Maryadit, Osmanabad Janata Sahakari Bank, The Santrampur Urban Co-operative Bank, and The Nawanagar Co-operative Bank. The monetary penalties slapped on these banks range from Rs 25,000 to Rs 3.1 lakh, RBI said in nine standalone statements on Monday.