RBI appoints administrator for New India Cooperative Bank, depositors panic, eligible for up to Rs 5 lakh insurance claim.

The Reserve Bank of India (RBI) on February 14 announced that it has superseded the board of directors of New India ...

Banking in India follows a biweekly Saturday holiday system, where banks are open on the first and third Saturdays but closed ...

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

The RBI has superseded the Board of Directors of the Bank for 12 months.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

To protect depositors’ interests, RBI imposed withdrawal restrictions and took control of the bank’s management. The ...

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

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Reserve Bank of India superseded the Board of Directors of New India Cooperative Bank Ltd, Mumbai, for a period of 12 months, ...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 penalties are based on deficiencies in regulatory compliance and are not intended to pronounce upon the validity of any ...

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’, ...

The Reserve Bank of India (RBI) on Friday superseded the board of Mumbai based New India Cooperative Bank for a period of twelve months, and appointed Shreekant, former chief general manager of State ...