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

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India is actively considering raising the bank deposit insurance coverage, a top official said on Monday, days after the ...

The NICB fraud has revived concerns over deposit safety in co-operative banks, with 430 such bank failures since 1962, ...

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

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The Reserve Bank of India (RBI) on Friday superseded the cooperative lender's board for a year and appointed an administrator ...

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

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

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

The Urban Cooperative Banks (UCBs) sector is under scrutiny following regulatory actions, with 1,472 banks and significant ...

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