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.
EOW Investigates Rs122 Crore Fraud at New India Co-operative Bank
The Economic Offences Wing (EOW) is investigating a Rs122 crore fraud involving Hitesh Pravinchand Mehta, former General Manager of New India Co-operative Bank. Discrepancies in financial records led to a police probe,
New India Cooperative Bank's Ex-GM arrested for 'misappropriation' of Rs 122 crore
MUMBAI: The Economic Offences Wing (EOW) of the Mumbai Police arrested Hitesh Praveenchand Mehta, a former General Manager and Head of Accounts at the now-defun
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,
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A day after imposing several restrictions on city-based New India Co-operative Bank, the RBI on Friday superseded its board citing poor governance standards.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,
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.
Press Trust of India on MSN5h
New India Co-operative Bank fraud: Mumbai Police register FIR against ex GM for siphoning ₹122 crore amid RBI curbs
The Mumbai police have registered a case against the New India Cooperative Bank's General Manager and Head of Accounts along ...
Toward A Study Of Cooperative Ownership As Mortgage Alternative
It's time to rethink the mortgage or maybe abandon it for cooperative ownership. What questions to we need to answer?
RBI freezes New India Cooperative Bank deposits after missing funds complaint; assures safety of deposits up to Rs 5 lakh
More than a lakh depositors and cooperative housing societies are affected as New India Cooperative Bank is put under ...