India, Bank

What is the fraud at Mumbai’s New India Cooperative Bank, why depositors can’t get their money
During an RBI inspection on February 12, Rs 112 crore was found missing from the bank's Prabhadevi branch, and an additional Rs 10 crore from the Goregaon branch’s safe.
Explained: How the 122 Crore New India Cooperative Bank Fraud Unfolded
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Explainer: The DICGC as a safety net in the New India Co-operative bank crisis
The DICGC acts as a crucial safeguard in this scenario, ensuring that depositors of the New India Co-operative Bank are not left entirely out of pocket
New India Co-Operative Bank scam: ‘First such scam fully done in cash’
The Economic Offences Wing (EOW) of the Mumbai police is struggling to figure out how accused Hitesh Mehta siphoned depositor money from New India Co-operative Bank and re-lent it to developers off the books.
New India Co-Operative Bank: How much amount can be claimed on closure of New India Co-Operative Bank..
After the disclosure of the Rs 122 crore scam in India Cooperative Bank, the Reserve Bank of India (RBI) has taken strict action against the bank. RBI has banned both deposits and withdrawals in the bank and suspended the board for 12 months.
Daily Monitor1d
What Cooperative Bank’s comeback means
In an interview, the General Secretary of the Uganda Cooperative Alliance explores the potential behind this revival, and ...
Banking Central | Another co-op bank bites the dust, it's the same story all over again
The RBI has been cracking down on erring co-operative banks but the underlying problems, especially governance, persist ...
realty.economictimes.indiatimes1d
Arrested New India Cooperative Bank official says gave money to builder for SRA project
The cooperative bank's general manager and head of accounts Hitesh Mehta and real estate developer Dharmesh Paun have been ...
RBI supersedes New India Cooperative Bank board, appoints administrator amid fund misuse allegations
The Reserve Bank of India (RBI) on Friday took control of the board of Mumbai-based New India Cooperative Bank for a year and appointed former SBI chief general manager Shreekant as the administrator ...