CoopNews™
Updates from India's cooperative sector
Maha State Co-op Bank announces 14.25% Diwali Bonus for Employees
The Maharashtra State Cooperative Bank (MSC Bank) has announced a 14.25% bonus for its employees ahead of Diwali, bringing festive cheer to its workforce and reaffirming the bank’s commitment to recognising employee contributions. The bonus rate has steadily increased over the past eight years, risi
CRCS Orders Winding Up of Sai Seva Multi-State Cooperative Credit Society
Ahilyanagar, Maharashtra: The Central Registrar of Cooperative Societies (CRCS) has ordered the winding up of Sai Seva Multi State Co-operative Credit Society Ltd., based in Kashti, Shrigonda taluka, Ahilyanagar district, citing serious financial irregularities, suspected misappropriation of funds a
21 OCTOBER 2026Satej Patil-Led Panel Wins 16 Seats in Gokul Dairy Cooperative Election
Kolhapur, Maharashtra: The Congress-led Rajarshi Shahu Shetkari Samvichari Aghadi, headed by MLC Satej Patil, won 16 of the 25 seats in the election to the Kolhapur District Cooperative Milk Producers’ Union, popularly known as Gokul. The Mahayuti-backed panel secured the remaining nine seats, accor
14 OCTOBER 2026VAMNICOM Trains Cooperative Regulators on MSCS Act, Governance and Financial Management
Pune, October 14, 2026: The Vaikunth Mehta National Institute of Cooperative Management (VAMNICOM), Pune, conducted a four-day exposure visit programme from October 6 to 9, 2026, to strengthen the understanding of cooperative business models, governance and regulatory practices among officials of ke
09 OCTOBER 2026Maharashtra Reviews Key Infrastructure Needs of Venkateshwara Cooperative Agro Project
Mumbai: The Maharashtra government has reviewed pending infrastructure and administrative matters related to Venkateshwara Cooperative Power and Agro Processing Ltd., located at Ajang-Malegaon in Nashik district, with the aim of facilitating the project’s progress. A meeting was convened at Mantrala
05 OCTOBER 2026RBI Extends Restrictions on Two Cooperative Banks Until January 2027
Mumbai: The Reserve Bank of India (RBI) has extended the regulatory directions imposed on Innovative Co-operative Urban Bank Ltd., New Delhi , and The Industrial Co-operative Bank Ltd., Guwahati , for another three months. The directions for both cooperative banks will now remain in force from the c
05 OCTOBER 2026Godavari Urban Crosses ₹5,500 Crore Business Mark, Declares 7% Dividend
Nanded, Maharashtra: The Godavari Urban Cooperative Credit Society has crossed a total business volume of ₹5,561 crore during the financial year, recording another year of growth and profitability. The performance was highlighted at the society’s 13th Annual General Meeting (AGM) held in Nanded. The
05 OCTOBER 2026Sahakar Bharati Convention Focuses on Women’s Leadership in Cooperatives
Shirdi, Maharashtra: A state-level convention organised by Sahakar Bharati in Shirdi focused on strengthening the participation and leadership of women in Maharashtra’s cooperative movement. The convention was inaugurated in the presence of Maharashtra Minister Radhakrishna Vikhe Patil , who highlig
03 OCTOBER 2026Maharashtra Makes 51% Member Approval Mandatory for Co-op Housing Redevelopment
The Maharashtra Government has introduced a revised framework for the redevelopment of cooperative housing societies, placing greater emphasis on member participation, transparency and procedural safeguards. Under a new Government Order issued under Section 79A of the Maharashtra Cooperative Societi