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Recent Current Affairs related to Cooperative

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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).

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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