A Mumbai court extended police custody for Hitesh Mehta, the main accused in the Rs 122 crore New India Cooperative Bank ...

The Mumbai Economic Offences Wing arrested Abhimanyu Bhoan, former CEO of New India Co-Operative Bank, in a Rs 122 crore ...

Co-operative Banks regulated by RBI, Secretary Seth emphasizes not to generalize due to one bank's deficiencies.

Coop Pank AS (Bank) has established an EUR 750,000,000 Covered Bond Programme (Programme). The Central Bank of Ireland has approved the base prospectus (Base Prospectus) for the Programme on 19 ...

The RBI has been cracking down on erring co-operative banks but the underlying problems, especially governance, persist ...

EOW officials further revealed that the cash retention limit of the bank’s head office and other branches was Rs 10 crore in ...

MUMBAI: Two days after arresting New India Cooperative Bank's general manager and head of accounts Hitesh Mehta in the Rs 122-crore scam, police have learnt that he had allegedly given a Rs 40 ...

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

deposits of up to 500,000 rupees are insured in case a bank fails, and should be paid within 90 days. The RBI did not immediately respond an email seeking comment. New India Co-op has been ...

The RBI conducted an audit at the New India Co-op Bank’s head office in Prabhadevi and Goregaon branch. Probing officials discovered a discrepancy of Rs 112 crore at the bank’s head office and another ...

Thiruvananthapuram: The enforcement directorate (ED) recorded the statements of as many as 15 depositors of Nemom Service Cooperative Bank as part of the probe into the alleged financial ...

The Reserve Bank of India (RBI) has restricted New India Co-op Bank from issuing new loans, making investments, or accepting fresh deposits without prior approval, effective February 13. The bank has ...