Monday, April 22PROUD TO BE A COOPERATOR

Tag: RBI

Sahakar Bharati welcomes RBI in-principle nod for Centrum: Huge relief to PMC Bank depositors
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Sahakar Bharati welcomes RBI in-principle nod for Centrum: Huge relief to PMC Bank depositors

Lauding the step of RBI to grant "In-principle" approval to Centrum Financial Services Limited to set up a Small Finance Bank, Sahakar Bharati has thanked Finance Minister Nirmala Sitaraman and the Apex Bank for this timely decision which raises hopes of hapless depositors of PMC Bank. Sahakar Bharati National General Secretary Dr Uday Joshi called it "A Welcome Relief to PMC Depositors". Sahakar Bharati has also expressed Special Thanks to Hon Nirmala Sitharaman & FM, Shri Shaktikanta Das, Governor, RBI. Joshi commented that constant follow up and efforts of several Organisations of PMC Depositors and Sahakar Bharati has at last materialised. This "in-principle" approval has been accorded in specific pursuance to Centrum Financial Services Limited's offer dated February 1, 2...
Extend the term of the EC for UCBs by 2 months: Sahakar Bharati to RBI
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Extend the term of the EC for UCBs by 2 months: Sahakar Bharati to RBI

Sahakar Bharati has urged RBI to extend the date of submission of the views of stakeholders of the CoOperative sector before the newly constituted Expert Committee for the UCBs. In a statement released by Sahakar Bharati on 12 May 2021, thanking RBI for constituting Expert Committee on UCBs, Sahakar Bharati asserts that the EC will examine the issues and provide a Roadmap for strengthening the Urban Banking Sector. Sahakar Bharati statement signed by Sahakar Bharati National President Ramesh Vaidya and Ntl Gen Secretary Dr Uday Joshi says: “The term of the Committee expires on 8th of June, 2021. Due to Covid conditions and the continued surge of Covid infections, it has not been possible for many UCBs, Academicians, CoOperators, etc to submit their views to the Committee.” Citing ...
Satish Marathe on NHB Board
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Satish Marathe on NHB Board

Sahakar Bharati Founder member and RBI Director Satish Marathe has been nominated on the Board of the National Housing Bank (NHB) as per recent RBI notification. NHB acts as an apex financial institution for the housing sector. Sahakar Bharati National President Shri Ramesh Vaidya and National General Secretary Dr Uday Joshi has congratulated Marathe on his nomination.
Sahakar Bharati demands inclusion of co-operators in RBI’s EC
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Sahakar Bharati demands inclusion of co-operators in RBI’s EC

Sahakar Bharati has hailed the decision of the Reserve Bank of India for the constitution of the Expert Committee (EC) for UCBs and has demanded to include co-operators in the Committee. In the messages sent by Sahakar Bharati, National General Secretary Uday Joshi, said, “Sahakar Bharati hails the constitution of Expert Committee (EC) for UCBs vide RBI Governor Statement dated 5th Feb 2021.” Sahakar Bharati had been constantly pressing for the constitution of the EC, particularly after the enactment of Amendments in the BR ACT & a fall in the number of UCBs across the country, added Joshi. However, Sahakar Bharati also expects the constitution of a broad-based EC which will consider important points for the overall development of the sector. The EC should have offic...