The Co-operative Bank, India

New India Co-op Bank curbs: This CA feels parking ‘money in co-operative banks is not safe’ because...
On February 14, the Reserve Bank of India (RBI) imposed restrictions on Mumbai-based New India Cooperative Bank Ltd over supervisory concerns
New India Co-op Bank: RBI uncovers massive fraud of Rs 122 crore; know what’s the case
The RBI conducted an audit at the New India Co-op Bank’s head office in Prabhadevi and Goregaon branch. Probing officials discovered a discrepancy of Rs 112 crore at the bank’s head office and another of Rs 10 crore at the Goregaon branch.
New India Co-Operative Bank: How much amount can be claimed on closure of New India Co-Operative Bank..
After the disclosure of the Rs 122 crore scam in India Cooperative Bank, the Reserve Bank of India (RBI) has taken strict action against the bank. RBI has banned both deposits and withdrawals in the bank and suspended the board for 12 months.
What is the fraud at Mumbai’s New India Cooperative Bank, why depositors can’t get their money
During an RBI inspection on February 12, Rs 112 crore was found missing from the bank's Prabhadevi branch, and an additional Rs 10 crore from the Goregaon branch’s safe.
RBI supersedes Board of New India Co-operative Bank; customers in distress
The Reserve Bank of India (RBI) has superseded the Board of Directors of New India Co-operative Bank for 12 months, citing poor governance standards.
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.
New India cooperative bank under RBI lens
The economic offences wing of the Mumbai police has arrested Hitesh Mehta, the former general manager and head of accounts at New India Cooperative Bank, in a 122 crore rupees embezzlement case. The arrest comes just days after the Reserve Bank of India imposed strict restrictions on the bank over financial irregularities.
Former New India Cooperative Bank GM arrested by EOW
Hitesh Mehta was on Saturday evening arrested by the Economic Offences Wing (EOW) of Mumbai Police, the officials said. Mehta was initially detained by the police following a raid at his residence in Dahisar area of Mumbai,
Spooked by RBI ban, New India Co-op Bank customers throng branches
All requests for withdrawal of funds were turned down, with banners at branch gates saying deposits would be paid back in around 90 days
RBI supersedes New India Cooperative Bank board, appoints administrator amid fund misuse allegations
The Reserve Bank of India (RBI) on Friday took control of the board of Mumbai-based New India Cooperative Bank for a year and appointed former SBI chief general manager Shreekant as the administrator to oversee its operations,
RBI restrictions on New India Co-op Bank: Angry customer asks questions
As the RBI`s restrictions on the New India Cooperative Bank entered its second day, angry customers gathered outside multiple bank branches in parts of Mumbai, grappling with uncertainty over their finances are trying to seek answers to their questions.

Central Bank, interest rates and Australia

India mulls raising limit for bank deposit insurance, financial services secretary says
India is actively considering raising the bank deposit insurance coverage, a top official said on Monday, days after the ...
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Bank Holiday Tomorrow: Are Banks Open Or Closed For Chhatrapati Shivaji Maharaj Jayanti? Check Here
The bank holiday list is published by the Reserve Bank of India (RBI) every year. This list compiles national holidays, state ...
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Bank Update: Good news for depositors of New India Cooperative Bank, insurance money will come in the account on this day..
Good news for the depositors of New India Cooperative Bank! People whose money is deposited in this bank will soon get the ...
India's RBI to enhance liquidity next week to cover for tax outflows
The Reserve Bank of India will step up its liquidity infusion and inject over $16 billion next week into the banking system, ...
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Karnataka Bank Seeks Reversal of Suspicious UPI Transaction
Karnataka Bank has requested the Reserve Bank of India to reverse a suspicious cross-border UPI transaction of Rs 18.87 crore ...
New India Co-operative Bank scam: Govt actively considering raising deposit insurance limit beyond Rs 5 lakh
Meanwhile, Mumbai police has arrested Hitesh Mehta, General Manager and Head of Accounts of the New India Cooperative Bank, ...
Why is Reserve Bank of India buying so much gold, why is India storing tonnes of gold? Is Modi govt preparing for some crisis?
According to the report by the World Gold Council, the Reserve Bank of India (RBI) purchased an additional 8 tons of gold in ...
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Reserve Bank Slaps Penalties on Non-Compliant Banks
The Reserve Bank of India has imposed penalties totaling Rs 68.1 lakh on Nainital Bank, Ujjivan Small Finance Bank, and ...