The Co-operative Bank of Kenya Limited (Co-op Bank) is incorporated in Kenya under the Company Act and is also licensed to do the business of banking under the Banking Act. The bank was initially ...

Following the regulatory action against New India Cooperative Bank, the urban cooperative banking space has returned to the limelight, with depositors in these banks turning anxious. Atmadip Ray ...

On Thursday, the Reserve Bank ... India Cooperative Bank may prompt depositors to withdraw their funds and transfer them online, primarily to government-owned banks. The development also highlights ...

Quantitative Aptitude: Simplification, data interpretation, arithmetic. General Awareness: Rajasthan-specific GK, banking terms, current affairs (last 6 months). The selection process for the ...

Image: Express Photos What to make of the New India Cooperative Bank fiasco? Banking sector veterans say this is not new. These developments tend to happen periodically to several banks in the ...

The RBI, along with superseding the cooperative ... in the bank and to protect the interest of depositors,” said the central bank in its notice. 3.Depositors to track claims online According ...

The co-operative banking sector is well regulated, and a few cases of restrictions being imposed by the Reserve Bank of India (RBI) should not paint a negative picture of the entire sector, said ...

The Shiv Sena (UBT) leader Sanjay Raut on Monday accused Bharatiya Janata Party (BJP) workers of being involved in the recent New India Cooperative Bank scam where funds worth ₹122 crore has ...

Founded in 1964, the original Cooperative Bank had grand plans but withered under the weight of undercapitalisation and a crippling Shs4.8 billion insolvency before its closure in 1999.

Hundreds of customers of New India Cooperative ... of the RBI placing a bank under moratorium, a list of all eligible depositors is created. Once the list is shared with the DICGC, it has 30 days to ...

A Mumbai court has remanded Hitesh Mehta, the general manager and head of accounts at New India Cooperative Bank, to police custody until February 21 over allegations of embezzling rRs 122 crore ...

A day after the Reserve Bank of India (RBI) imposed restrictions on the New India Co-operative Bank due to supervisory concerns, the central bank today superseded the Board of Directors of the ...