Co-operative Bank, RBI and India

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.
Bad news for customers of this bank as RBI imposes restrictions on withdrawal of funds, the bank is…
The RBI imposed restrictions on Mumbai's New India Co-operative Bank due to liquidity issues, limiting withdrawals, loan approvals, and investments.
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 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
Panicky customers flock to New India Co-operative Bank branches after RBI restrictions
Customers gathered in hundreds outside Mumbai-headquartered New India Co-operative Bank Limited branches to withdraw their hard-earned savings, soon after the Reserve Bank of India imposed several restrictions on the lender.
RBI restricts New India Co-operative Bank over Rs 122 crore fraud
RBI restricts New India Co-operative Bank amid allegations of a Rs 122 crore fraud scandal. Tom Hanks ‘storms out’ of SNL 50th anniversary concert after Jimmy Fallon ‘confusion’ Warren Buffett’s Berkshire Hathaway cuts stakes in BoA and Citi amid US debanking concerns Scholz says Germany will not support dictated peace agreement The IRS has announced 3 key changes to 401(k)s for 2025 — here's how to take advantage of them and grow your retirement riches Remains of 50,
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.
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 supersedes New India Co-operative Bank board for 12 months after imposing restrictions over lending irregularities
A day after imposing several restrictions on city-based New India Co-operative Bank, the RBI on Friday superseded its board citing poor governance standards. A large number of bank's customers had gathered at its branches on Friday following RBI's restrictions,
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Banking: If the bank closes or its license is cancelled, what will happen to your deposited money?
The Reserve Bank of India has imposed a ban on New-India Co-operative Bank. People who have an account in this bank are ...
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, ...
Rupee rallies most in nearly 2 years on heavy central bank intervention
The Indian rupee rallied on Tuesday on the back of strong intervention by the Reserve Bank of India, which traders said could ...
EconoTimes3d
Reserve Bank of India Injects Record $28.85 Billion to Stabilize Rupee and Boost Liquidity
The Reserve Bank of India (RBI) is set to infuse a record 2.50 trillion rupees ($28.85 billion) into the banking system ...
India's inflation cools to lower-than-expected 4.31% in January
This could clear the way for another rate cut by the Reserve Bank of India, which slashed rates from 6.5% to 6.25% after its ...
India central bank's actions spur volatility, boost option volumes
The Indian rupee has seen an increase in volatility after the central bank's unexpected and aggressive intervention in the ...
Press Trust of India on MSN5h
New India Cooperative Bank case: Case filed against general manager, will depositors get back money?
Based on the complaint, a case under the Bharatiya Nyaya Sanhita (BNS) sections 316 (5) (criminal breach of trust by public ...
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 ...