Rohit Gupta

Delhi

Journalist at Indian Cooperative News

Articles

Jharkhand HC freezes Biscomaun results after high-stakes nominations

1 week ago | indiancooperative.com | Rohit Gupta

The highly anticipated elections for Bihar’s apex marketing cooperative body, Biscomaun, have been thrown into turmoil following an interim order from the High Court of Jharkhand, Ranchi on Thursday evening. The court stayed the publication of election results, ruling that the outcome will depend on the result of a writ petition filed before it. On Thursday morning, nominations for the key posts of Chairman and Vice-Chairman were officially filed, setting the stage for a fierce contest.
Tumkur Merchants Co-op Bank denies fraud, blames Covid for NPAs

1 week ago | indiancooperative.com | Rohit Gupta

Amid the swirling allegations over an alleged Rs 250 crore fraud at Karnataka’s second-largest UCB- Tumkur Grain Merchants Cooperative Bank’s General Manager Rajashekar N., has refuted the charges, describing the allegations as ‘baseless’ and an attempt to tarnish the bank’s image.
RBI fines four Urban Cooperative Banks for regulatory violations

1 week ago | indiancooperative.com | Rohit Gupta

The Reserve Bank of India (RBI) has imposed monetary penalties on four cooperative banks—Pusad Urban Cooperative Bank, Siddheshwar Urban Cooperative Bank, Hindusthan Cooperative Bank, and Deccan Merchants Cooperative Bank—for violations of various regulatory norms.
AP: Committee forms to probe irregularities in APCOB, DCCBs & PACS

1 week ago | indiancooperative.com | Rohit Gupta

The Speaker of the Andhra Pradesh Legislative Assembly has constituted a Special House Committee to investigate alleged irregularities and corrupt practices in the Andhra Pradesh State Co-operative Bank Limited (APCOB), District Co-operative Central Banks (DCCBs), and Primary Agricultural Credit Societies (PACS) during the period 2019–24. The committee will be chaired by senior legislator Konathala Ramakrishna. Other members appointed to the committee include Koona Ravi Kumar, D.
Aadhaar Multistate Co-op eyes Rs 100cr milestone

1 week ago | indiancooperative.com | Rohit Gupta

After a challenging two-year phase, Beed based Aadhaar Multistate Cooperative Credit Society has shown signs of recovery in FY 2024–25, registering a 20% growth in its deposit base. The society is now aiming to cross a business mix of Rs 100 crore in the current financial year, up from nearly Rs 80 crore as on March 31, 2025. Speaking to Indian Cooperative, Chairman Sunil Soundarmal shared the society’s recent journey and future plans.
The Dice That Knew the Universe: What 100 Million Rolls Revealed About Life, Science, and Spirituality

1 week ago | medium.com | Rohit Gupta

From random numbers to profound insights on life, order, and balance. Recently, I ran a simple Python simulation: roll a fair six-sided die 100 million times and analyze the results. The code was straightforward, but the implications stretched far beyond lines of logic and loops. Here’s what happened — and what it revealed. I used Python to simulate rolling a die 100,000,000 times.
Chikhli Urban Co-op Bank caught in crossfire of Yashwant Bank scam

1 week ago | indiancooperative.com | Rohit Gupta

As the controversy over financial irregularities at Yashwant Co-operative Bank intensifies, the involvement of Chikhli Urban Cooperative Bank is also coming to light. Satish Gupta, Chairman of Chikhli Urban Co-operative Bank, has issued a detailed clarification to distance his institution from the core of the scam.
Chikhli Urban Co-op Bank caught in crossfire of Yashwant Bank scam

1 week ago | indiancooperative.com | Rohit Gupta

As the controversy over financial irregularities at Yashwant Co-operative Bank intensifies, the involvement of Chikhli Urban Cooperative Bank is also coming to light. Satish Gupta, Chairman of Chikhli Urban Co-operative Bank, has issued a detailed clarification to distance his institution from the core of the scam.
Udaipur Urban Co-op Bank gets nod for 100% dividend pay-out

1 week ago | indiancooperative.com | Rohit Gupta

In a significant development, the Rajasthan Registrar of Cooperative Societies (RCS) has granted approval to Udaipur Urban Cooperative Bank for the disbursement of a 100% dividend to its shareholders for the financial year 2023-24. This marks a substantial increase from the previously approved 50% dividend distribution. With 7,015 shareholders, the bank is set to distribute a total dividend amount of Rs 3.42 crore.
Yashwant Co-op Bank Scam: MP Kulkarni meets Shah, seeks CBI Probe

2 weeks ago | indiancooperative.com | Rohit Gupta

In a significant development, BJP MP Medha Vishram Kulkarni met Union Home and Cooperation Minister Amit Shah at his residence recently to highlight serious financial and administrative irregularities at Yashwant Co-operative Bank Ltd, headquartered in Satara, Maharashtra. She sought Shah’s help in securing the return of depositors’ hard-earned money, which she said was at grave risk due to rampant mismanagement.