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Recent Current Affairs related to Cooperative

6 News
1

Amit Shah Inaugurates NUCFDC New Premises in Mumbai, Launches Bank in a Box for Urban Cooperative Banks

20 August 2026 NATIONAL

Union Minister Amit Shah has inaugurated the new premises of the National Urban Cooperative Finance and Development Corporation (NUCFDC) at Sharada Sadan in Fort, Mumbai, during the 'Sahkar Nav-Kranti' programme.

During the event, he released the book 'Operational Risk Management: A Practical Guide to Urban Co-operative Banks', authored by former RBI Deputy General Manager (DGM) GP Mistry.

Additionally, NUCFDC has launched 'Bank in a Box', an integrated technology platform designed to provide Urban Co-operative Banks (UCBs) with access to multiple banking and technology services. An MoU was also exchanged between NUCFDC and the National Forensic Sciences University (NFSU).

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4

Kakinada Cooperative Town Bank Attains Tier-III Status Under RBI Norms

4 July 2026 BANKING

The Kakinada Cooperative Town Bank, an Urban Cooperative Bank (UCB) in Andhra Pradesh, has secured Tier-III status under RBI norms. The bank achieved this status after its deposits crossed the ₹2,000 crore mark while maintaining zero net Non-Performing Assets (NPAs).

It is to be noted that the RBI classifies UCBs into three categories based on deposits: Tier-I (deposits below ₹100 crore), Tier-II (deposits up to ₹1,000 crore), and Tier-III (deposits between ₹1,000 crore and ₹10,000 crore).

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5

Amit Shah Launches NAFEX.in, DRISHTI, ERP Portal, and NAFED-KALYAN Scholarship for Farmers

25 June 2026 NATIONAL

Union Minister Amit Shah has launched four initiatives to expand governance and assistance for farmers in New Delhi. The 'DRISHTI' portal was introduced as a dedicated tracking system to streamline the real-time inventory management of pulses and oilseeds.

The digital e-auction platform 'NAFEX.in' of the National Agricultural Cooperative Marketing Federation of India (NAFED) was launched to connect farmers directly with buyers to eliminate middlemen, ensuring transparent bidding and direct payments to the bank accounts of farmers within 48 hours.

The 'NAFED-KALYAN' scholarship was launched as a social welfare initiative that allocates 1% of the profits of NAFED to fund the higher education and career development of the children of farmers. Additionally, an Enterprise Resource Planning (ERP) portal was launched to strengthen internal digital governance and increase overall operational efficiency.

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A
Amit
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"This is one the best app for Current Affairs. The content is cut and short whichever is required and is easy to remember with flashcards."

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Hari
IBPS PO

"Thx to daily quizzes. It played a big role in revisions. April 2024 - April 2025 I missed quizzes 3 or 4 days only. It's that interesting."

N
Naveen
UBI LBO

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Linu
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