Under current rules, deposits of up to ₹5 lakh are insured in case a bank fails, and should be paid within 90 days. The RBI ...

A former general manager of New India Co-operative Bank, Hitesh Pravinchand Mehta, was allegedly found involved in siphoning ...

The Reserve Bank of India is working on a plan to allow depositors of troubled New India Co-operative Bank to make special ...

Due to the stringent restrictions imposed by the Reserve Bank on the New India Co-operative Bank (NICB) from February 14, the ...

Mumbai police’s Economic Offences Wing (EOW) has arrested former New India Co-operative Bank CEO Abhimanyu Bhoan, 45, in ...

The Reserve Bank of India (RBI) on Friday superseded the cooperative lender's board for a year and appointed an administrator ...

The Urban Cooperative Banks (UCBs) sector is under scrutiny following regulatory actions, with 1,472 banks and significant ...

On February 14, the Reserve Bank of India (RBI) imposed restrictions on Mumbai-based New India Cooperative Bank Ltd over ...

During an RBI inspection on February 12, Rs 112 crore was found missing from the bank's Prabhadevi branch, and an additional ...

India is actively considering raising the bank deposit insurance coverage, a top official said on Monday, days after the ...

On Thursday, the police recorded the statement of Abhijeet Deshmukh, who audited the accounts of the bank between 2019 and ...

Hitesh Mehta, the general manager of New India Cooperative Bank, was arrested by Mumbai police for allegedly embezzling Rs ...