Ajay Jha

2 weeks ago | indiancooperative.com | Ajay Jha

At the post-Monetary Policy Committee (MPC) press briefing on April 10, 2025, the Reserve Bank of India (RBI) reaffirmed the strong financial standing of the entire banking sector, with a particular emphasis on the good health of Urban Cooperative Banks (UCBs). RBI Governor Sanjay Malhotra underscored that the sector’s capital to risk-weighted assets ratio (CRAR) continues to remain comfortably above 15 percent—a clear indication of the sector’s sound fundamentals and resilience.

2 weeks ago | indiancooperative.com | Ajay Jha

The Appointments Committee of the Cabinet (ACC) has approved the appointment of Pankaj Srivastava, a 2007-batch officer of the Indian Revenue Service (Income Tax), as Director in the Ministry of Cooperation, Delhi. The appointment comes under the Central Staffing Scheme (CSS). Srivastava’s tenure will be effective from the date he assumes charge of the post and will continue until July 29, 2027, or until further orders, whichever is earlier.

2 weeks ago | indiancooperative.com | Ajay Jha

The big question doing the rounds at NCUI is whether Chief Executive Sudhir Mahajan will continue in his role or step down, following the recent presidential directive to remove several contractual staff—many of whom were reportedly brought in by Mahajan himself. Some of these contractual employees, drawing hefty salaries, were appointed during Mahajan’s tenure. With the growing chatter around alleged fund mismanagement, the NCUI grapevine is abuzz with speculation on Mahajan’s next step.

2 weeks ago | indiancooperative.com | Ajay Jha

In a major administrative overhaul, the apex body of cooperatives — NCUI has dispensed with the services of contractual staff drawing a remuneration of more than Rs 50,000, with immediate effect from April 7, 2025. This development follows the recent board meeting of the NCUI Governing Council held in Sikkim, which proved to be consequential not just for contractual employees but also for permanent staff. Several departments witnessed a reshuffle in leadership roles.

2 weeks ago | indiancooperative.com | Ajay Jha

At the Golden Jubilee celebration of IFFCO’s Kalol Plant in Gujarat, Union Home and Cooperation Minister Amit Shah commended IFFCO’s consistent commitment to excellence and its ability to deliver results across all fronts. He praised IFFCO for blending corporate efficiency with cooperative values, creating a model that is not only successful domestically but also recognized globally.