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

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

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.

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

By cutting rates, the RBI sends a message that it is ready to support growth, confident that the worst of inflation is over.

The Reserve Bank of India (RBI) has increased the first tranche of its Open Market Operations (OMO) purchase from Rs 20,000 ...

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

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.

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

In a nutshell, the policy announcements are nuanced, flexible, and gives a clear communication for the future — reemphasising ...

Among private sector banks, lenders such as ICICI Bank, Axis Bank and Kotak Mahindra Bank have reported an 18 bps, 8 bps and ...

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