Mumbai: New India Cooperative Bank's former CEO, during whose tenure Rs 122 crore of the bank's deposits were misappropriated ...

The bank's general manager and head of accounts Hitesh Mehta, its former CEO Abhimanyu Bhoan and real estate developer ...

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.

Another cooperative bank is in a fix. India needs a root-and-branch reform of its deposit insurance scheme for banks.

Mumbai Police’s Economic Offences Wing arrested ex-CEO Abhimanyu Bhoan in a Rs 122 crore fraud at New India Cooperative Bank.

The Reserve Bank of India (RBI) on Friday superseded the cooperative lender's board for a year and appointed an administrator ...

A court on Friday extended the police remand of Hitesh Mehta, the main accused in the Rs 122 crore New India Cooperative Bank ...

Hitesh Mehta and other executives are in police custody over a Rs 122 crore embezzlement at New India Cooperative Bank. The ...

In this regard, Mumbai Grahak Panchayat ( MGP) is conducting an On-line Survey of New India Bank depositors. The link to the ...

New India Co-operative Bank fraud case emerged as a former general manager of the bank, Hitesh Pravinchand Mehta, was allegedly found involved in siphoning ₹122 crore from the lender. The authorities ...

The Mumbai Economic Offences Wing arrested Abhimanyu Bhoan, former CEO of New India Co-Operative Bank, in a Rs 122 crore ...

Economic Offences Wing (EOW) of Mumbai Police has arrested former chief executive officer (CEO) of the New India Co-Operative Bank Abhimanyu Bhoan in a ₹ 122 crore embezzlement case, an official said ...