Mumbai police arrested Hitesh Mehta, GM and head of accounts at New India Cooperative Bank, for allegedly embezzling Rs 122 ...

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Many banks have revised its loan rates after the Reserve Bank of India's (RBI) recent cut in the repo rate by 25 basis points ...

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

Digital lending is reshaping credit access across India, with projected disbursements reaching ₹47.4 trillion by FY26. Mint’s ...

This is the first major action against a co-operative bank in Maharashtra after the collapse of Punjab and Maharashtra ...

New India Co-Operative Bank collapsed in Mumbai today. RBI barred the bank from offering new loans, and deposits. Depositors ...

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

RBI is India’s central bank, responsible for monetary policy, financial stability, and supervision of banks, rather than conducting commercial banking activities. No Public Transactions: Unlike ...

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 The bank's board has been superseded, and depositors are ...

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