RBI’s action was necessitated due to certain material concerns emanating from poor governance standards observed in the ...

RBI supersedes New India Co-operative Bank board for poor governance, appoints committee to manage bank affairs. Deposit insurance available.

The Reserve Bank of India (RBI) on February 14 announced that it has superseded the board of directors of New India ...

Digital lending is reshaping credit access across India, with projected disbursements reaching ₹47.4 trillion by FY26. Mint’s new anthology of the digital revolution in lending, ’The State of Credit’, ...

However, RBI stated that the bank is allowed to set off loans against deposits subject to the conditions stated in the ...

The RBI action on New India Co-operative Bank was prompted by alleged misappropriation of funds by the lender's staffers, ...

Reserve Bank of India superseded the Board of Directors of New India Cooperative Bank Ltd, Mumbai, for a period of 12 months, ...

The RBI has superseded the Board of Directors of the Bank for 12 months. It has appointed Shreekant, former Chief General ...

The Reserve Bank of India (RBI) has superseded the Board of Directors of New India Co-operative Bank for 12 months, citing ...

The penalties are based on deficiencies in regulatory compliance and are not intended to pronounce upon the validity of any ...

The Reserve Bank of India (RBI) has taken action against New India Co-operative Bank due to alleged fund misappropriation by staff members. The bank's board has been superseded, and depositors are ...

Banking stocks were trading in green, with the BSE BANKEX index increasing 25.01 points or 0.04% at 56140.92 at 09:47 IST.