Indian Cooperative News

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Boosting Rural India: Awasthi meets Shah, updates him on IFFCO’s activities

2 days ago | indiancooperative.com | Ajay Jha

On Friday, Dr. U.S. Awasthi, Managing Director of the Indian Farmers Fertiliser Cooperative Limited (IFFCO), met with Amit Shah, Union Minister of Home Affairs and Minister of Cooperation, at his residence office in New Delhi. The meeting centered on the evolving role of cooperatives in strengthening India’s economy and boosting rural prosperity. Dr. Awasthi provided the Minister with a comprehensive update on IFFCO’s performance for the Financial Year 2024–25.
Environment Day: Ministry & Co-ops unite for tree plantation nationwide

2 days ago | indiancooperative.com | Ajay Jha

On the occasion of World Environment Day, cooperative institutions across the country united in a green mission, pledging their commitment to environmental protection through widespread tree plantation initiatives. Spearheading this nationwide effort was the Ministry of Cooperation in New Delhi, which organized a special tree plantation program at its premises.
Ministers of State urge Co-ops to strengthen grassroots communication

3 days ago | indiancooperative.com | Ajay Jha

A high-level review meeting was convened under the joint chairmanship of Union Ministers of State for Cooperation, Krishan Pal Gurjar and Murlidhar Mohol, on Wednesday to assess the progress made on earlier directives and to chart the way forward on key issues related to media outreach, publications, and publicity strategies of the Ministry of Cooperation and national-level cooperative federations.
Tribhuvan Sah University Board formed; Top Co-operators included

5 days ago | indiancooperative.com | Ajay Jha

In a landmark development for India’s cooperative movement, the Ministry of Cooperation has constituted the first Governing Board of the newly established “Tribhuvan” Sahkari University in Anand, Gujarat. The Governing Board comprises a balanced mix of ex-officio members and nominated representatives drawn from central ministries, cooperative institutions, and state governments.
GSCB holds AGM, reports a net profit of Rs 93.51cr

5 days ago | indiancooperative.com | Rohit Gupta

The Gujarat State Cooperative Bank (GSCB) held its Annual General Meeting (AGM) on Sunday, drawing several prominent dignitaries from the state’s cooperative sector. Gujarat Cooperation Minister Jagdish Vishwakarma (Panchal) graced the occasion, along with Gujarat Legislative Assembly Speaker Shankar Chaudhary, NAFED Chairman Jethabhai Ahir, NCUI President Dileepbhai Sanghani, Gujcomasol Vice-Chairman Bipin Patel, Narhari Amin, G.H. Amin, Tejash Patel, and other leading figures.
Despite hurdles, Malleshwaram Co-op Bank progressing year after year

5 days ago | indiancooperative.com | Rohit Gupta

The century-old Malleshwaram Co-operative Bank based in one of Bangalore’s oldest localities, is actively working to overcome hurdles posed by the COVID-19 pandemic and its exposure of Rs 20 crore to the crisis-hit PMC Bank. Despite challenges, the bank is optimistic about growth and is striving to come out of the RBI’s Supervisory Action Framework (SAF).
RBI to strengthen systemic vulnerabilities of bigger UCBs

6 days ago | indiancooperative.com | Rohit Gupta

In a significant move towards strengthening the resilience of the cooperative banking sector, the Reserve Bank of India (RBI) has announced that it will explore the extension of the macro stress testing framework to Urban Cooperative Banks (UCBs) in the Tier-3 and Tier-4 categories during the financial year 2025-26.
Ministry applauds Saraswat Bank’s achievements

6 days ago | indiancooperative.com | Rohit Gupta

In a proud moment for the Indian cooperative banking sector, the Ministry of Cooperation has extended special recognition to Saraswat Cooperative Bank, the country’s largest Urban Cooperative Bank (UCB), through its official social media handles. Lauding the bank’s legacy and innovation, the Ministry posted: “Established in 1918, Saraswat Bank stands as a symbol of India’s proud legacy.
Yashwant Co-op Bank in trouble; Govt appoints Administrator

6 days ago | indiancooperative.com | Ajay Jha

In a decisive move to safeguard the interests of depositors and ensure financial stability, the Maharashtra Cooperative Department has superseded the management of Yashwant Cooperative Bank Ltd., Phaltan, Satara district, following an order issued by the Reserve Bank of India (RBI). The bank, registered under the Maharashtra Cooperative Societies Act, 1960, underwent a statutory inspection by the RBI for the financial year 2024-25.
India’s Dairy Rise: How Co-ops took us from Deficit to Dominance

1 week ago | indiancooperative.com | Ajay Jha

Indian dairy cooperatives have played a stellar role in transforming the country into a milk-rich nation, and today is the perfect day to thank them. Milk has always been central to human nutrition, from infancy to old age. To honor its significance, June 1 is celebrated globally as World Milk Day, a tradition started by the Food and Agriculture Organization of the United Nations in 2001.