Mumbai: The city Economic Offences Wing (EOW), probing the alleged misappropriation of Rs 122 crore cash from New India ...

New India Cooperative Bank’s general manager and head of accounts Hitesh Mehta, the main accused in an embezzlement case connected to the lender, used to call two bank employees on phone asking them ...

The Economic Offences Wing (EOW) of the Mumbai Police, investigating the Rs 122 crore embezzlement at the New India ...

The 74-year-old former Co-op Bank chairman and church minister was due to receive a potential jail term at Manchester Crown ...

The RBI has imposed strict regulations on New India Cooperative Bank following an alleged fraud, halting withdrawals and ...

Last week, the RBI took strict action against New India Co operative bank by suspending deposit withdrawals for six months, ...

Under current rules, deposits of up to ₹5 lakh are insured in case a bank fails, and should be paid within 90 days. The RBI ...

Big NICB depositors plan to form an association like PMC Bank depositors to safeguard and recover their funds.

The Reserve Bank of India is working on a plan to allow depositors of troubled New India Co-operative Bank to make special ...

Mumbai recently ruled on the case of Blue Rose Industrial Premises Co-op. Society Limited vs. CIT, addressing the claim for deduction under Section 80P(2)(d) of the Income Tax Act, 1961. The case ...

In conclusion, ITAT Mumbai ruled in favor of the assessee, affirming its entitlement to deduction under Section 80P (2) (d). This decision reinforces the principle that cooperative societies can claim ...

The police have also recorded the statement of the bank’s chief executive officer from 2019 to 2022, when the alleged fraud ...