Search result for 'new india cooperative bank'

IndusInd Bank reports accounting lapses in its derivative portfolio, resulting in a Rs 1,979 crore impact on networth. The bank has appointed external agencies to investigate and mitigate the...

Reserve Bank of India Governor assures the banking system is safe and robust, calling recent crises 'episodes' and not 'failures'. Learn more about the RBI's response to IndusInd Bank's accounting...

A Mumbai court declared former New India Cooperative Bank chairman Hiren Bhanu and his wife as proclaimed offenders in a Rs 122 crore embezzlement case. The couple fled the country before the scam...

Depositors of New India Co-operative Bank, hit by alleged embezzlement, appeal to RBI for immediate measures to revive the bank and alleviate their financial hardship.

Icra predicts potential impact on banks' profits due to a proposed increase in deposit insurance limits beyond Rs 5 lakh, citing the recent New India Cooperative Bank failure.

Former directors of New India Cooperative Bank claim ignorance about the Rs 122 crore embezzlement, while the EOW investigates the fraud and arrests key suspects.

Mumbai Police's Economic Offences Wing (EOW) has recorded the statement of a former CEO of New India Co-Operative Bank in connection with a Rs 122-crore fraud case. The EOW is investigating the...

India's government is considering raising the deposit insurance limit beyond Rs 5 lakh following the New India Co-operative Bank scam. The decision is under active consideration and will be...

The General Manager of New India Cooperative Bank and associates are accused of embezzling Rs 122 crore, leading to restrictions on the bank by RBI. The case is now with the EOW.

The Reserve Bank of India (RBI) has superseded the board of New India Co-operative Bank in Mumbai, citing poor governance standards. The bank faces restrictions on withdrawals and loan issuance.