How Can I Withdraw Money From Cooperative Banks In Kerala?
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KERALA COOPERATIVE BANK
Stressed PMC Bank customers not to get Rs 5 lakh deposit cover in first lot: RBI
The Reserve Bank of India (RBI) had imposed restrictions on the withdrawal of deposits from these stressed banks. Of the 20 banks, 10 are from Maharashtra, five from Karnataka, and one each from Uttar Pradesh, Kerala, Rajasthan, Madhya Pradesh, and Punjab. Customers of stressed Punjab & Maharashtra Co-Operative Bank (PMC Bank) will not get up to Rs 5 lakh insurance cover in the first lot as the multi-state co-operative bank is under the resolution process.
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No need for Enforcement Directorate to meddle with Kerala cooperative sector: CM Pinarayi Vijayan
Vijayan said this in response to a query on the demand by his former Cabinet colleague and CPI(M)-backed MLA K T Jaleel for ED probe into the alleged money laundering in a cooperative bank controlled by the Indian Union Muslim League (IUML) in Malappuram district.
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RSS arm to discuss inputs for cooperative policy
The Sahakar Bharati, in its show of support for home minister Amit Shah's announcement to revitalise cooperatives, has also planned a meeting of cooperatives from across the country in Lucknow in December, of which Shah could likely be a part, according to senior members of the body.
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Six people dead, over a dozen reported missing as rains lash Kerala
In one of the heavy rains in recent years, the high ranges of central and south Kerala are experiencing almost similar to that of the situation the state faced during the time of devastating floods of 2018 and 2019 but authorities said everything was under control and there was no need for any panic.
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Kerala rains: At least 10 missing in Kottayam, IAF assistance sought
The Chief Minister's Office has informed that help from the Air Force has been sought for rescue in Koottikal at Kottayam district where landslides have been reported isolating a few families.
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Explained: Why did Modi government form a new cooperation ministry
The seeds for a separate ministry was sown during Nirmala Sitharaman's Budget speech, in which she had said "the Modi government is committed to the development of multi-state cooperatives and will provide all support to them. To further streamline the ease of doing business for cooperatives, I propose to set up a separate administrative structure for them."
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Rs 1,481.87 cr pension to be distributed to over 48 lakh poor ahead of Onam: Kerala CM
Vijayan, in a Facebook post, said that withOnam just round the corner it was necessary that poor people have money in their hands and therefore, the Social Welfare Pension for the months of July and August was being distributed jointly.
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Pawar meets PM Modi, red flags change in law to regulate cooperative banks
The NCP chief said that "the terms incorporation, regulation, and winding up of cooperative societies were preserved as state subjects under Entry 32 list of II of the VII schedule of the Constitution of India".
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Government's MoC opens opposition eyes to RBI circular on UCBs
Section 3.5.1 of the RBI circular of June 25 — incidentally issued just 10 days before the Centre created the Ministry of Cooperation — states that persons holding the posts of managing director (MD), wholetime director (WTD) in the UCBs "shall not be holding the position of a Member of Parliament, or the State Legislature or Municipal Corporation or Municipality of other local bodies".
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Explained: Why did Modi government form a new cooperation ministry
The seeds for a separate ministry was sown during Nirmala Sitharaman's Budget speech, in which she had said "the Modi government is committed to the development of multi-state cooperatives and will provide all support to them. To further streamline the ease of doing business for cooperatives, I propose to set up a separate administrative structure for them."
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Left joins issue with Ministry of Cooperation
VN Vasavan, the minister for cooperatives in the LDF regime of Kerala, could soon call an all-party meeting in the state to discuss the ramifications of the new ministry and to explore coordinated resistance against the Centre's proposal, it is learnt.
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Ramesh Chennithala sends SOS to AICC over Ministry of Cooperation
Maharashtra and Kerala have a massive network of cash-rich cooperative societies, traditionally controlled by the NCP, CPM and Congress. They provide the parties political clout and huge deposits and job-providing opportunities, particularly in electorally crucial rural and agrarian belts. The BJP has been unable to break the politics of cooperatives in the two states.
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Kerala gets 14% more NRI deposits at Rs 2.27 lakh crore in 2020
The Bank also said Kerala saw USD 267 drop in monthly remittances per NRI, without quantifying it, though. Yet this was a massive improvement from the widespread fears the planners in the state had at about 25 per cent plunge.
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Kerala announces further relaxations in lockdown rules
As per the new guidelines, banks will function on Tuesdays and Thursdays also, but the public will not have access to the branches on these days.
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View: Govt's positive attitude towards emigration and remittance flows can serve India's long-term national interest
Instead of the current piecemeal approach, a coherent institutional framework, and more active policy attention, are warranted to strengthen the remittances-to-development nexus in India.
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Kerala, Goa, Puducherry join several other states in extending COVID lockdown and restrictions
"Although the prevalence of the disease is declining significantly in the state, we have not yet reached a stage to remove restrictions. The lockdown will continue in all districts from May 31 to June 9," Vijayan said.
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COVID-19: Four districts of Kerala under triple lockdown; borders sealed
Majority of sub-roads were closed and police took control of the major roads in Thiruvananthapuram, Ernakulam, Thrissur and Malappuram districts as part of efforts to arrest the massive spread of the virus infection.
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COVID-19: Kerala under complete lockdown
As lockdown is in place, only essential services are exempted and people are strictly warned against coming out in public places or travel unnecessarily. Police intensified patrolling in every nook and cranny of the state since morning to ensure that nobody is venturing out without any valid reason.
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Complete lockdown to be enforced strictly in Kerala; guidelines for working of financial sector modified
The steps taken for strict enforcement of the lockdown include deployment of about 25,000 police personnel under the leadership of top police officers holding responsibility of law and order, to ensure adherence to guidelines.
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RBI's bond buys helped India during pandemic, Kerala's public health service has 'excellent reputation': UNESCAP
In its report 'Beyond the pandemic: Building back better from crises in Asia and the Pacific', it also said in the Asia Pacific region, many central banks have been buying government bonds, as in India, and early evidence suggests that such interventions were helpful as bond yields declined, and exchange rates stabilized.
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NABARD lays emphasis on farmer producer organisations
Keeping in mind that there must also be a concurrent evaluation of whether some course correction was required, NABARD conducted an internal study on FPOs in Kerala, Madhya Pradesh, Odisha and Rajasthan covering 1,886 farmers having membership in 39 FPOs and 971 farmers without any membership, Dr G R Chintala said.
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Centre asks Kerala to begin land acquisition for Rs 64,000-crore speed rail project
The Japanese development agency JICA had earlier committed to fund Rs 33,700 crore which was approved by the Union finance ministry as well in 2019 but later JICA massively curtailed its exposure, following which the Union finance ministry asked us to submit a revised debt raising plan which was sent shortly.
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State VC fund for startups on anvil, to open up govt market: Kerala CM
The Kerala chief minister said startups have already been given complete exemption in their rent for four months and there will be a partial exemption in the rent amount for the next three months.
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RBI imposes Rs 50 lakh penalty on an urban co-operative bank in Kerala
Statutory inspection of the bank with reference to its financial position as on March 31, 2019, conducted by RBI, revealed that the bank had not complied with the directions, the central bank said in a statement.
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PFI leader Rauf Sharif received huge sums of money: Enforcement Directorate to Kerala court
PFI leader Rauf Sharif was "evading" ED summons in connection with a criminal money laundering probe being conducted against the Kerala-based PFI.
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Gold smuggling case: Suspended IAS officer taken into ED custody; Oppn demand CM's resignation
Suspended IAS officer M Sivasankar, facing probe in the Kerala gold smuggling case, was taken into custody by the ED from a hospital in Thiruvananthapuram on Wednesday, with the opposition mounting pressure on CM Pinarayi Vijayan demanding his resignation over the matter.
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Top World Bank economist explains the impact of coronavirus on foreign workers
As lockdowns have shut banks and money-transfer offices, marooned migrants couldn't send money home.
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How this Kerala cooperative in the infrastructure sector has become a role model
The ULCCS employs over 12,000 people, saw revenue of Rs 1,100 cr in 18-19, and projects worth Rs 2,700 cr.
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Rubber planters stretched to breaking point on policy delay
Farmers say the national rubber policy has been in limbo for four years. It was supposed to restrict imports, offer a minimum support price and regard rubber as agricultural produce.
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How Can I Withdraw Money From Cooperative Banks In Kerala?
Source: https://economictimes.indiatimes.com/topic/Kerala-Cooperative-Bank
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