Mumbai: Funds of over a lakh depositors and several cooperative housing societies are stuck with New India Cooperative Bank ...

The Reserve Bank of India (RBI) has imposed strict restrictions on New India Co-operative Bank Limited in Mumbai, citing ...

The RBI has taken decisive action against New India Co-operative Bank due to misappropriation of funds by staff members. Over 90% of depositors will receive up to Rs 5 lakh through deposit insurance.

RBI appoints administrator for New India Cooperative Bank, depositors panic, eligible for up to Rs 5 lakh insurance claim.

The bank can renew existing term deposits upon maturity, ensuring some continuity for depositors with longer-term investments. It can also cover essential operating expenses, including employee ...

The Reserve Bank of India imposed multiple restrictions on the Mumbai-based New India Co-operative Bank on Thursday. The ...

NaBFID has sought a relaxation in capital requirement norms from the Reserve Bank of India (RBI) to enable an efficient ...

Union Finance Minister Nirmala Sitharaman assures control over food prices in 2025, monitoring inflation to protect citizens.

India's central bank on Thursday barred Mumbai-based New India Co-operative Bank from issuing new loans or allowing the withdrawal of deposits due to supervisory concerns.

India’s inflation outlook appears favourable, with the possibility of aligning with the Reserve Bank of India’s (RBI) 4 per ...

The Reserve Bank of India (RBI) has removed the restrictions it had earlier imposed on Kotak Mahindra Bank, preventing it ...

Kotak Mahindra Bank initiated remedial measures to address the supervisory concerns and submitted compliances to the Reserve ...