The NICB fraud has revived concerns over deposit safety in co-operative banks, with 430 such bank failures since 1962, risking thousands of crores of depositor funds.
The RBI has imposed strict regulations on New India Cooperative Bank following an alleged fraud, halting withdrawals and ...
The Reserve Bank of India (RBI) on Friday superseded the cooperative lender's board for a year and appointed an administrator ...
Hitesh Mehta and other executives are in police custody over a Rs 122 crore embezzlement at New India Cooperative Bank. The ...
The Economic Offence Wing of the Mumbai Police arrested Abhimanyu Bhoan, the former CEO of New India Cooperative Bank, late ...
India's central bank said on Friday it has taken control of the board of New India Co-operative Bank for 12 months, a day ...
The series of events leads us into a flashback of the cataclysmic failure of another co-operative bank, Punjab & Maharashtra ...