cooperative banks
Supreme Court Rules Temple Funds Belong to Deity, Cannot Support Struggling Banks
Dec 06, 2025 01:11 am CST
The Supreme Court of India has ruled that temple funds belong exclusively to the deity and cannot be used to aid struggling cooperative banks. Chief Justice Surya Kant emphasized that money collected from devotees must be protected and used only for temple interests while dismissing petitions from Kerala-based cooperative banks challenging directives to return fixed deposits of the Thirunelly Temple Devaswom.
Maharashtra Implements 70% Job Reservation in District Cooperative Banks for Local Residents
Nov 03, 2025 01:45 pm CST
The Maharashtra government has introduced a significant employment policy reserving 70% of jobs in District Central Cooperative Banks (DCCBs) for local district residents. The initiative mandates that all future recruitment must be conducted through authorized organizations including IBPS, TCS-iON, or MKCL to ensure transparency and fairness in hiring processes across the state's cooperative banking sector.