Regulatory Fallout: RBI Imposes Rs. 63.5 Lakhs Penalty on Three Co-operative Banks
The Reserve Bank of India (RBI) has levied monetary penalties on three co-operative banks totaling Rs. 63.5 lakhs for regulatory compliance...
![Co-operative Banks Engaged in Banking Activity are subject to Overall Control of Reserve Bank of India: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Co-operative-Banks-Banking-Activity-Reserve-Bank-of-India-Kerala-HC-taxscan.jpg "Co-operative Banks Engaged in Banking Activity are subject to Overall Control of Reserve Bank of India: Kerala HC [Read Order]")
![Co-operative Societies Eligible for Exemption u/s 80P(2)(d) of Income Tax Act on interest on investments in Co-operative Banks: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Co-operative-Societies-Eligible-for-Exemption-Income-Tax-Act-on-interest-on-investments-in-Co-operative-Banks-ITAT-TAXSCAN.jpg "Co-operative Societies Eligible for Exemption u/s 80P(2)(d) of Income Tax Act on interest on investments in Co-operative Banks: ITAT [Read Order]")
![Interest received by Co-operative Society from Co-operative Bank allowable u/s 80P(2)(d): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Co-operative-Banks-Co-operative-Societies-Banking-Business-RBI-Deduction-ITAT-Income-Tax-Taxscan.jpg "Interest received by Co-operative Society from Co-operative Bank allowable u/s 80P(2)(d): ITAT [Read Order]")
![Co-Operative Society Eligible to Claim Deduction of Interest from Deposits in Co-Operative Banks: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Co-Operative-Society-Claim-Deduction-of-Interest-Deduction-Deduction-of-Interest-Deposits-Co-Operative-Banks-ITAT-Income-Tax-Taxscan.jpg "Co-Operative Society Eligible to Claim Deduction of Interest from Deposits in Co-Operative Banks: ITAT [Read Order]")
![Co-Operative Bank Not Obliged to Deduct TDS on Interest Payments to Members: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Co-Operative-Bank-TDS-Interest-Payments-Members-ITAT-taxscan.jpg "Co-Operative Bank Not Obliged to Deduct TDS on Interest Payments to Members: ITAT [Read Order]")
Madhya Pradesh HC stays Operation of RBI’s Circular notifying Appointment of Managing Director or Whole-Time Director in Primary Co-operative Banks [Read Order]
The Madhya Pradesh High Court stayed the Operation of RBI’s Circular notifying Appointment of Managing Director or Whole-Time Director in Primary Co-operative Banks. The petitioner, Mahanagar...
![Madhya Pradesh HC stays Operation of RBI’s Circular notifying Appointment of Managing Director or Whole-Time Director in Primary Co-operative Banks [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/09/Madhya-Pradesh-High-Court-RBI-Taxscan.jpg "Madhya Pradesh HC stays Operation of RBI’s Circular notifying Appointment of Managing Director or Whole-Time Director in Primary Co-operative Banks [Read Order]")
Interest Subvention Scheme for MSMEs: RBI includes Co-op Banks as lending institution [Read Circular]
The Reserve Bank of India (RBI) has allowed co-operative banks including urban cooperative banks to avail Interest Subvention Scheme for micro, small and medium enterprises (MSMEs), which was earlier...
Parliament clears The Banking Regulation (Amendment) Bill, 2020 gives RBI powers to restructure Co-operative Banks [Read Bill]
After Lok Sabha, the Rajya Sabha has also passed the Banking Regulation (Amendment) Bill, 2020. The Bill amends the Banking Regulation Act, 1949. The Act regulates the functioning of banks...
![Parliament clears The Banking Regulation (Amendment) Bill, 2020 gives RBI powers to restructure Co-operative Banks [Read Bill]](https://www.taxscan.in/wp-content/uploads/2020/09/Parliament-Banking-Regulation-Amendment-Bill-Co-operative-Banks-Taxscan.jpeg "Parliament clears The Banking Regulation (Amendment) Bill, 2020 gives RBI powers to restructure Co-operative Banks [Read Bill]")
June 29, 2020 notified as date when Section 4 of Banking Regulation (Amendment) Ordinance, 2020, will be enforced on primary Co-operative Banks [Read Notification]
The Ministry of Finance on Monday notified that Section 4 of Banking Regulation (Amendment) Ordinance, 2020, will be enforced from June 29, 2020, on primary co-operative banks. Section 4 of Banking...
![June 29, 2020 notified as date when Section 4 of Banking Regulation (Amendment) Ordinance, 2020, will be enforced on primary Co-operative Banks [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/06/Banking-Regulation-cooperative-Taxscan.jpeg "June 29, 2020 notified as date when Section 4 of Banking Regulation (Amendment) Ordinance, 2020, will be enforced on primary Co-operative Banks [Read Notification]")
Co-Operative Banks come under RBI: Centre notifies Banking Regulation (Amendment) Ordinance, 2020 [Read Notification]
The Ministry of Law and Justice on Friday notified the Banking Regulation (Amendment) Ordinance, 2020. The Government introduces Banking Regulation (Amendment) Ordinance, 2020 so to bring the...
![Co-Operative Banks come under RBI: Centre notifies Banking Regulation (Amendment) Ordinance, 2020 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/06/Co-Operative-Banks-Banking-Regulation-RBI-Taxscan.jpeg "Co-Operative Banks come under RBI: Centre notifies Banking Regulation (Amendment) Ordinance, 2020 [Read Notification]")
