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RBI to Resume Cooperative Bank Licences

The Reserve Bank of India is considering restarting the issuance of new licences to cooperative banks, aiming to strengthen the financial sector and expand banking services.

Nagpur: Rs 1,300 Cr Undisclosed in 2 Co-op Banks

Income Tax Department uncovers Rs 1,300 crore unreported deposits in Nagpur cooperative banks. Total undisclosed funds now at Rs 9,000 crore. Read the full investigation details.

Goa Bank Profit Triples as PACS Face Financial Stress

Goa State Cooperative Bank's profit nearly tripled to Rs 14.4 crore in FY25, reveals RBI report. However, loan recovery dipped and grassroots PACS show a mixed financial picture. Read the full analysis.

Govt's Bharat Taxi App Launch by Jan-End in Delhi

The government-backed Bharat Taxi app will officially launch across Delhi and other Indian cities by month-end. The pilot saw 5,500 daily rides and over 1.4 lakh driver registrations.

Gujarat to get 9 new district cooperative banks

Gujarat government grants in-principle approval for nine new District Central Cooperative Banks (DCCBs) across Dahod, Aravalli, and other districts. This move aims to enhance credit access for farmers and strengthen the rural economy.

Bihar's PACS Transformed into Multi-Service Hubs

Bihar's cooperative minister announces major digital push for PACS, with 4,000 units online, 25+ services, and plans for Jan Aushadhi Kendras and vegetable outlets. Read about the state's paddy procurement drive.

Bharat Taxi: Govt's Answer to Uber-Ola Dominance

India's ride-hailing market, long dominated by Uber and Ola, may see a major shift. The government's Bharat Taxi cooperative model, launching in two months, promises to redirect profits to drivers. Will this bring the competitive relief users need? Read m

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