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Reserve Bank Officers Cooperative Credit Society

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'Mumbai police has many honest officers'

'It is just that they are not in the limelight in a city like Mumbai.''It is not a lonely journey, but a tough journey for sure.' Photograph: Kind courtesy Pravin Talan/Mumbai Police Calendar 2020......

In historic visit, PM Modi signs 4 pacts with Sri Lanka

"We stand with you in your efforts to build a future that accommodates the aspirations of all sections of society, including the Sri Lankan Tamil community, for a life of equality, justice, peace......

Suit boot ki sarkar definitely better than suitcase ki sarkar: PM

Prime Minister Narendra Modi, who recently completed one year in office, has, in an exclusive interview with Smita Prakash, editor, ANI, said the opposition alleging that his government is a......

'If con is the opposite of pro then Congress is the opposite of progress'

'Anyone who looks at our proposed amendments without politically-tinted glasses will give us full marks.' 'An isolated India is not in our interest. Just because we are a large country, we cannot......

RBI officers have FD of Rs 105 cr in PMC Bank

The Reserve Bank Officers Cooperative Credit Society, which caters to the credit needs of RBI officers posted all over India, has a fixed deposit of Rs 105 crore in the bank on which the RBI has......

How co-op societies outsmart the taxman

Financial Intelligence Unit data show many of these societies have become the biggest draw for laundering money. Subhomoy Bhattacharjee reports. The income-tax department, believe it or not, is......

Now, ponzi schemes resurface in Bengal in a new avatar

MSCS is a cooperative society which operates in more than one state and has a minimum of 50 members in one state. After having made themselves scarce for more than a year in West Bengal, Ponzi......

Savers in dark over Sahara's latest shadow banking schemes

Sahara and its founder Subrata Roy have been under scrutiny for years over its financial products, including for possible money laundering In 2004, Khitish Kumar Pandey took Rs 10,000 ($150) out......

Why MFIs could end up losing Rs 1,500 cr

Industry fears waiver of interest on interest would distort credit culture, may encourage borrowers who can pay to defer repayment. Illustration: Dominic Xavier/Rediff.com The microfinance......

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