RBI supersedes Board of New India Co-operative Bank

Explained: Why RBI has imposed curbs on New India Co-operative Bank
The Reserve Bank of India (RBI) has imposed strict restrictions on Mumbai-based New India Co-operative Bank, barring it from issuing new loans, accepting fresh deposits, or allowing withdrawals for six months.
India's central bank supersedes board of New India Co-operative Bank
India's central bank said on Friday it has taken control of the board of New India Co-operative Bank for 12 months, a day after its depositors were barred from withdrawing money from the lender. The action,
RBI supersedes board of this co-operative bank after cancelling licence; what will happen to depositors' money now? Check details
The Reserve Bank of India has constituted a Committee of Advisors to assist the administrator, comprising Ravindra Sapra, former General Manager at SBI, and Abhijeet Deshmukh, a Chartered Accountant.
RBI Takes Action on New India Co-operative Bank: Fund Misappropriation
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 The bank's board has been superseded, and depositors are covered by insurance up to Rs 5 lakh.
RBI curbs on New India Co-operative Bank: What next for depositors?
The RBI has said depositors cannot withdraw funds from their savings, current or any other account in the six-month period when the restrictions will remain in place
RBI supersedes board of Mumbai-based New India Co-op Bank
A day after imposing several restrictions on Mumbai-based New India Co-operative Bank, the Reserve Bank of India (RBI) on Friday superseded its board citing poor governance standards, news agency PTI reported.
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