Digital banking reforms in India gain momentum as Amit Shah launches Sahakar Digi Pay and Sahakar Digi Loan apps for urban cooperative banks, promoting financial inclusion and digital payments. Amit Shah launches digital apps for urban co‑op banks Modernising cooperative banking for enhanced reach On 10 November 2025, Amit Shah, Union Cooperation Minister, inaugurated two digital applications —…
RBI Cancels Licenses of 78 UCBs Since 2014 RBI’s Action on Urban Cooperative Banks (UCBs) In a significant move, the Reserve Bank of India (RBI) has canceled the licenses of 78 Urban Cooperative Banks (UCBs) since 2014. This decision reflects the central bank’s ongoing efforts to maintain the stability and integrity of the financial system….
RBI Notifies Four Key Measures to Strengthen Urban Co-operative Banks The Reserve Bank of India (RBI) has recently taken significant steps to enhance the stability and governance of urban cooperative banks (UCBs). In a notification issued by the RBI, four key measures have been introduced to strengthen UCBs and ensure their seamless functioning. These measures…
