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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.

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...

Abhyudaya Cooperative Bank faces challenges with a high net NPA ratio and governance concerns. The RBI has superseded the board and appointed an administrator to address the situation.

The Reserve Bank of India has superseded the board of Abhyudaya Cooperative Bank due to concerns over poor governance, appointing an administrator to manage the lender. The bank will continue...

The Reserve Bank of India has superseded the board of Abhyudaya Cooperative Bank for one year due to poor governance standards. An administrator has been appointed to manage the bank's affairs.