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Sudhan empowers cooperatives with affordable gold loan solutions

1 week ago | indiancooperative.com | Rohit Gupta

In a remarkable display of cooperative-driven growth, Sudhan Gold, a fintech-focused gold loan company established in 2021, has rapidly made its mark in the financial services sector. With a mission to serve cooperative credit societies and bring affordability and transparency to gold loans, the company has achieved a major milestone—Rs 3,000 crore in business volume—in just two and a half years.
Rajasthan Minister inspects Co-op Animal Feed Factory

1 week ago | indiancooperative.com | Rohit Gupta

Rajasthan’s Cooperation Minister Gautam Dak, conducted an inspection of the Cooperative Animal Feed Factory in Jaipur on Wednesday. During his visit, he provided important directives to the officials present regarding innovation, quality control, and increasing production capacity. He reiterated the Rajasthan government’s unwavering commitment to the welfare of livestock farmers and the overall development of animal husbandry in the state.
Ahmedabad: RBI cancels banking licence of Colour Merchants Co-op Bank

1 week ago | indiancooperative.com | Rohit Gupta

The Reserve Bank of India has cancelled the banking licence of Colour Merchants Co-operative Bank Ltd., Ahmedabad, Gujarat. As a result, the bank will cease to carry on banking operations from the close of business on April 16, 2025. The Registrar of Co-operative Societies, Gujarat has also been requested to issue an order for the winding up of the bank and to appoint a liquidator.
TN StCb’s business crosses Rs 41000cr; DCCBs earn handsome Profits

1 week ago | indiancooperative.com | Rohit Gupta

In a significant achievement for the cooperative banking sector, the Tamil Nadu State Apex Cooperative Bank (TNSCB) has reported remarkable financial growth for the fiscal year 2024-25, with its total business mix surpassing the Rs 41,000 crore mark. According to figures available with the Indian Cooperative Desk, TNSCB has recorded total deposits of Rs 12,220.63 crore, with advances amounting to Rs 29,547.26 crore, bringing its total business to an impressive Rs 41,767.89 crore.
Jharkhand StCb’s historic turnaround: From crisis to Rs 68.5 crores profits

1 week ago | indiancooperative.com | Rohit Gupta

After years of financial distress, the Jharkhand State Cooperative Bank (JSCB) has scripted an extraordinary recovery. As per unaudited financials for the year ending March 31, 2025, the bank has recorded an operating profit of Rs 68.52 crore, effectively wiping out all past losses. This unprecedented achievement comes two years after the election of a full-time board in March 2023, headed by Ms. Vibha Singh, marking a milestone as the first woman to lead the bank’s board.
Every department he handles turns into gold; CM applauds Shah

1 week ago | indiancooperative.com | Rohit Gupta

At a major state-level event in Bhopal, Madhya Pradesh Chief Minister Dr. Mohan Yadav and several cabinet ministers hailed Union Home and Cooperation Minister Amit Shah’s leadership as transformative for the cooperative sector.
NCCF procures mustard-chickpea at MSP in Rajasthan

1 week ago | indiancooperative.com | Rohit Gupta

In a significant move aimed at empowering farmers, the National Cooperative Consumers’ Federation of India (NCCF) has launched the procurement of mustard and chickpea at Minimum Support Prices (MSP) for the first time in Rajasthan under the Price Support Scheme (PSS). The official inauguration of this historic drive took place last week at Bhama Shah Mandi in Kota.
VAMNICOM welcomes Mohanty; gives warm send off to Hema

1 week ago | indiancooperative.com | Rohit Gupta

Dr. Suva Kanta Mohanty has officially assumed charge as the Director of the Vaikunth Mehta National Institute of Cooperative Management (VAMNICOM), Pune, succeeding Dr. Hema Yadav. A formal handing over and taking over ceremony was held on Friday at the institute.
Dr. Mohanty to succeed Hema Yadav as VAMNICOM Director today

2 weeks ago | indiancooperative.com | Rohit Gupta

Dr. Suva Kanta Mohanty, a distinguished academician with over two decades of experience in teaching, research, and academic leadership, has been appointed as the new Director of the Vaikunth Mehta National Institute of Cooperative Management (VAMNICOM), Pune. He is set to assume charge today on Friday, succeeding Dr. Hema Yadav, whose tenure was marked by notable innovations in cooperative education and training. Dr. Mohanty’s appointment comes at a pivotal time for India’s cooperative sector.
RBI highlights UCBs’ strength; Governor praises Inclusive Growth push

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.