RBI restrictions on New India Co-op Bank

Former general manager of New India Cooperative Bank, banned by RBI, 'cheated' bank of ₹122 crore
Hitesh Mehta, former general manager and head of accounts at New India Cooperative Bank, has been booked for cheating the bank of ₹122 crore.
RBI Imposes Restrictions On New India Co-operative Bank Over Rs 122 Crore Fraud
The Mumbai police have registered a case against the New India Cooperative Bank's General Manager and Head of Accounts along with his associates for allegedly embezzling Rs 122 crore of funds, officials said on Saturday.
Troubles at New India Coop Bank: Case filed against former General Manager for embezzlement
A day after the the Reserve Bank of India superseded the board of the New India Cooperative Bank, Mumbai Police have registered a case against the bank's former general manager for allegedly siphoning off Rs 122 crore from the bank. The case has now been transferred to the Economic Offences Wing.
RBI Halts Key Operations of New India Co-operative Bank, Supersedes Board—Here’s Why
However, RBI stated that the bank is allowed to set off loans against deposits subject to the conditions stated in the directions
RBI supersedes Board of New India Co-operative Bank; customers in distress
The Reserve Bank of India (RBI) has superseded the Board of Directors of New India Co-operative Bank for 12 months, citing poor governance standards.
FIR against New India Cooperative Bank GM in Rs 122 crore financial fraud
Two days after the Reserve Bank of India (RBI) imposed restrictions on the operations of New India Cooperative Bank, a First Information Report (FIR) has been r
Mumbai Police Question New India Cooperative Bank's GM For Rs 122 Crore 'Misappropriation'
The Reserve Bank of India (RBI) on Friday superseded the cooperative bank's board for a year and appointed an administrator to manage its affairs
New India Co Operative Bank | RBI Imposes Restrictions On Cash-Strapped New India Co-Operative Bank
The Reserve Bank of India has imposed severe restrictions on Mumbai's New India Co-operative Bank due to detected irregularities. Now the customers of this are unable to withdraw funds, and the bank has been barred from offering new loans or deposits.
Mumbai police books New India Co-operative Bank general manager for alleged misappropriation after RBI places curb
Mumbai police investigate embezzlement of ₹122 crore from New India Cooperative Bank, leading to RBI restrictions and board supersession.
RBI restrictions on New India Co-op Bank: Angry customer asks questions
As the RBI`s restrictions on the New India Cooperative Bank entered its second day, angry customers gathered outside multiple bank branches in parts of Mumbai, grappling with uncertainty over their finances are trying to seek answers to their questions.
Breaking News: General Manager Involved in ₹12 Crore Scam at New India Co-operative Bank; EOW Investigates
A major scam involving New India Co-operative Bank in Mumbai has come to light, with the bank's General Manager, Hitesh Mehta, accused of embezzling ₹12 crore. The Economic Offences Wing (EOW) is investigating the case,
India's RBI to enhance liquidity next week to cover for tax outflows
The Reserve Bank of India will step up its liquidity infusion and inject over $16 billion next week into the banking system, ...
RBI freezes New India Cooperative Bank deposits after missing funds complaint; assures safety of deposits up to Rs 5 lakh
More than a lakh depositors and cooperative housing societies are affected as New India Cooperative Bank is put under ...
Why is Reserve Bank of India buying so much gold, why is India storing tonnes of gold? Is Modi govt preparing for some crisis?
According to the report by the World Gold Council, the Reserve Bank of India (RBI) purchased an additional 8 tons of gold in ...
India's central bank supersedes board of New India Co-operative Bank
India's central bank said on Friday it has taken control of the board of New India Co-operative Bank for 12 months, a day ...