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 new anthology of the digital revolution in lending, ’The State of Credit’, ...

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, ...

Following business restrictions, the Reserve Bank of India superseded the New India Cooperative Bank's board, appointing an administrator to oversee recovery. Faced with governance issues, the bank's ...

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 The bank's board has been superseded, and depositors are ...

Arundhati Bhattacharya's first encounter with SBI was serendipitous. At the age of 22, fresh out of her post-graduate studies, she had no intention of pursuing a career in banking. It was a friend who ...

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

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

This development follows RBI’s directive on February 13, 2025, which imposed operational restrictions on the bank under Section 35A of the Act. The RBI has cited governance issues as the reason for ...