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Pratibha Mahila Sahakari Bank
Pratibha Mahila Sahakari Bank (Pratibha Women Cooperative Bank) was a cooperative bank based in Jalgaon, Maharashtra, India. It was founded in 1973 by Pratibha Patil, who later became President of India, with the objective of empowering women. Patil was a chairperson of the bank and also one of its directors, along with many of her relatives. She is one of 34 respondents in an ongoing case before the Aurangabad bench of the Bombay High Court regarding alleged mismanagement of the bank and misappropriation of funds. The Reserve Bank of India (RBI) revoked the licence of the bank in 2003 after it was found out that the bank had engaged in various irregularities, including illegally waiving interest on loans given to many of Patil's family members. Inquiries and closure The bank was declared "weak" by the RBI in 1995. An inquiry under the Maharashtra Cooperative Societies Act was ordered in July 2001 and reported that the bank had incurred losses of Rs 1.35 crore. This led to th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jalgaon
Jalgaon () is a city in Maharashtra, India. The city is located in North Maharashtra, and serves as the administrative headquarters of its namesake district, the Jalgaon district. Jalgaon is colloquially known as the “''Banana City of India''" as the region's (Jalgaon district) farmers grow approximately two-thirds of Maharashtra's banana production. The Girna river flows from the western part of the city. Jalgaon is situated in the Khandesh region of North Maharashtra. In 1906 Khandesh was divided between East Khandesh and West Khandesh, and Jalgaon became the headquarters of East Khandesh district. After the 1956 reorganisation of India's states, East Khandesh became part of Bombay State and later in 1960 it became part of Maharashtra. Transport Jalgaon’s airport was built in 1973 by the Public Works Department. The Jalgaon municipal council took over its operations in April 1997 and handed it over to the Maharashtra Airport Development Company in April 2007. The Go ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deposit Insurance
Deposit insurance or deposit protection is a measure implemented in many countries to protect bank depositors, in full or in part, from losses caused by a bank's inability to pay its debts when due. Deposit insurance systems are one component of a financial system safety net that promotes financial stability. Overview Banks are allowed (and usually encouraged) to lend or invest most of the money deposited with them instead of safe-keeping the full amounts (see fractional-reserve banking). If many of a bank's borrowers fail to repay their loans when due, the bank's creditors, including its depositors, risk loss. Because they rely on customer deposits that can be withdrawn on little or no notice, banks in financial trouble are prone to bank runs, where depositors seek to withdraw funds quickly ahead of a possible bank insolvency. Because banking institution failures have the potential to trigger a broad spectrum of harmful events, including economic recessions, policy makers mainta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corruption In India
Corruption in India is an issue which affects economy of central, state and local government agencies in many ways. Corruption is blamed for stunting the economy of India. A study conducted by Transparency International in 2005 recorded that more than 62% of Indians had at some point or another paid a bribe to a public official to get a job done. In 2008, another report showed that about 50% of Indians had first hand experience of paying bribes or using contacts to get services performed by public offices. In 2021 their Corruption Perceptions Index ranked the country in 85th place out of 180, on a scale where the lowest-ranked countries are perceived to have the most honest public sector. Various factors contribute to corruption, including officials siphoning money from government social welfare schemes. Examples include the Mahatma Gandhi National Rural Employment Guarantee Act and the National Rural Health Mission. Other areas of corruption include India's trucking industry ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cooperative Banks Of India
A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled enterprise".Statement on the Cooperative Identity. ''.'' Cooperatives are democratically controlled by their members, with each member having one vote in electing the board of directors. Cooperatives may include: * businesses owned and managed by the people who consume th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Disestablished In 2003
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1973
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Banks Of India
{{Disambiguation ...
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Women In Cooperatives
A cooperative ("co-op") is an autonomous association of persons who voluntarily cooperate for their mutual, social, economic, and cultural benefit through a mutually owned and democratically run enterprise.Statement on the Cooperative Identity. ''.'' Cooperatives include non-profit community organizations and businesses that are owned and managed by the people who use their services ( consumer cooperatives) or by the people who work there ( |
Urban Co-operative Bank
This is the list of banks which are listed as Scheduled Banks (India) under second schedule of RBI Act, 1934. Commercial banks Public Sector Banks (PSBs) There are 12 public sector banks as of 15 November 2021 Private-sector banks At present, there are 21 private banks in India, as of 1 January 2022. Regional Rural Banks (RRBs) There are 43 regional rural banks in India as of 1 November 2020. Foreign banks Foreign banks in India as on July 14, 2020 - Branch/WOS/Representative form of presence as per RBI: Foreign banks operating as wholly owned subsidiary in India List of notable banks which are incorporated outside India and are operating wholly owned subsidiary in India: Foreign banks with branches in India List of notable banks which are incorporated outside India and are operating branches in India: Foreign banks with representative offices List of notable foreign banks with representative offices in India: Small finance banks Payments ban ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indian School Of Business
The Indian School of Business (ISB) is a private business school established in India in 2001. It has two parallel campuses in India, in Hyderabad (Telangana) and Mohali (Punjab). It offers certificates in various post-graduate management programs. ISB became the 100th Triple Accredited business school in the world (AMBA, EQUIS, AACSB) upon achieving AMBA accreditation on 12 May 2020. ISB is currently the highest ranked business school in India as ranked by the Forbes, Financial Times, Economist, Poets&Quants and Bloomberg Businesssweek Global MBA Rankings History The Indian School of Business (ISB) was started in 1996 by a group of businessmen and academics. Co-founders Rajat Gupta and Anil Kumar, senior executives of McKinsey & Company, directed teams of McKinsey consultants to start the school. Gupta recruited U.S. business leaders while Kumar recruited Indian leaders for its executive board. Formal partnerships were established with international business schools Whart ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indian National Congress
The Indian National Congress (INC), colloquially the Congress Party but often simply the Congress, is a political party in India with widespread roots. Founded in 1885, it was the first modern nationalist movement to emerge in the British Empire in Asia and Africa. From the late 19th century, and especially after 1920, under the leadership of Mahatma Gandhi, the Congress became the principal leader of the Indian independence movement. The Congress led India to independence from the United Kingdom, and significantly influenced other anti-colonial nationalist movements in the British Empire. Congress is one of the two major political parties in India, along with its main rival the Bharatiya Janata Party. It is a "big tent" party whose platform is generally considered to lie in the centre to of Indian politics. After Indian independence in 1947, Congress emerged as a catch-all and secular party, dominating Indian politics for the next 20 years. The party's first prime minister ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kargil War
The Kargil War, also known as the Kargil conflict, was fought between India and Pakistan from May to July 1999 in the Kargil district of Jammu and Kashmir and elsewhere along the Line of Control (LoC). In India, the conflict is also referred to as Operation Vijay ( hi, विजय, ), which was the codename of the Indian military operation in the region. The role of the Indian Air Force in acting jointly with the Indian Army was aimed at flushing out both the Pakistan Army and paramilitary troops from vacated Indian positions along the LoC,http://>.nic.in/content/op-safed-sagar in what was designated as Operation Safed Sagar ( hi, ऑपरेशन सफेद सागर, label=none, ). The conflict was triggered by the infiltration of Pakistani troops—disguised as Kashmiri militants—into strategic positions on the Indian side of the LoC, which serves as the ''de facto'' border between the two countries in the disputed region of Kashmir. During its initial stages ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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