Indian Cooperative News

2 days ago | indiancooperative.com | Rohit Gupta

The Office of the Registrar Cooperative Societies (RCS), Government of NCT of Delhi, has issued a corrigendum updating the IYC-2025 Celebration Coordination Committee. This revision comes in light of administrative changes, including the retirement of Hukamchand (ARCS) and the transfer of earlier committee members. Krishna Kumar Singh has been appointed as the new Registrar Cooperative Societies and will now lead the reconstituted committee.

3 days ago | indiancooperative.com | Rohit Gupta

NABARD Chief General Manager Manikumar Sivaramakrishnan commended the Maharashtra State Cooperative (MSC) Bank for its state-of-the-art Cyber Security Operations Centre (C-SOC) during a recent visit to the bank’s headquarters. Impressed by the technological sophistication of the facility, Shivaramakrishnan remarked, “I have visited similar centres in two or three other state cooperative banks, but the C-SOC at MSC Bank stands out as a truly high-tech facility.

3 days ago | indiancooperative.com | Rohit Gupta

The Government of Maharashtra has extended the One-Time Loan Settlement (OTS) Scheme for Urban Cooperative Banks (UCBs) until March 31, 2026. This extension follows the recommendations of the Commissioner and Registrar of Cooperative Societies, Maharashtra State, Pune, and is intended to help UCBs recover overdue loans and reduce the burden of non-performing assets (NPAs). Introduced in 2002, the scheme has been periodically extended, reflecting its continued relevance.

4 days ago | indiancooperative.com | Rohit Gupta

The cooperative sector plays a critical role in driving inclusive and sustainable economic growth, particularly in a populous country like India. Emphasizing the Narendra Modi government’s vision, it is clear that the mantra “Cooperation is the foundation for a sustainable economy” is steadily becoming a reality. Mere GDP growth or foreign investment cannot define real development unless it ensures equitable income distribution and economic participation from all sections of society.

5 days ago | indiancooperative.com | Rohit Gupta

Maharashtra based Jalgaon Peoples Co-operative Bank has delivered an impressive financial performance in FY 2024–25, achieving a sevenfold increase in net profit and crossing a business mix of Rs 3,200 crore. According to the bank’s annual report, the net profit surged from Rs 1.44 crore in FY 2023–24 to Rs 11.46 crore as of 31st March 2025. The business mix, comprising total deposits and advances, rose from Rs 3,140 crore to Rs 3,237 crore during the same period.