RBI restrictions on New India Co-op Bank

RBI restricts New India Co-operative Bank over Rs 122 crore fraud
The Reserve Bank of India has enforced restrictions on New India Co-operative Bank after allegations of a ₹122 crore fraud emerged, marking significant regulatory action against financial misconduct.
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 Co-operative Bank board for 12 months after imposing restrictions over lending irregularities
RBI’s action was necessitated due to certain material concerns emanating from poor governance standards observed in the Mumbai-headquartered New India Co-operative Bank.
India's RBI imposes business curbs at New India Co-operative Bank on supervisory concerns
India's central bank on Thursday barred Mumbai-based New India Co-operative Bank from issuing new loans or allowing the withdrawal of deposits due to supervisory concerns.
RBI Halts Key Operations of New India Co-operative Bank, Supersedes Board—Here’s Why
However, RBI stated that the bank is allowed to set off loans against deposits subject to the conditions stated in the directions
RBI Enforces Restrictions on New India Co-operative Bank Amid Liquidity Concerns
The Reserve Bank of India (RBI) has imposed restrictions on the New India Co-operative Bank in Mumbai due to supervisory concerns about its liquidity position. These include a freeze on withdrawals and prohibitions on granting new loans or investments.
RBI restricts New India Co-operative Bank, freezes customer withdrawals
Reserve Bank of India (RBI) imposes restrictions on New India Co-operative Bank, limiting operations and withdrawals.
New India Co Operative Bank | RBI Imposes Restrictions On Cash-Strapped New India Co-Operative Bank
The Reserve Bank of India has imposed severe restrictions on Mumbai's New India Co-operative Bank due to detected irregularities. Now the customers of this are unable to withdraw funds, and the bank has been barred from offering new loans or deposits.
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.
RBI imposes curbs on New India Co-Operative bank
India's banking sector is facing fresh turbulence as the Reserve Bank of India has imposed strict restrictions on Mumbai-based New India Cooperative Bank due to liquidity concerns. Watch in for more details!
RBI Imposes Restrictions On New India Co-operative Bank Over Rs 122 Crore Fraud
The Mumbai police have registered a case against the New India Cooperative Bank's General Manager and Head of Accounts along with his associates for allegedly embezzling Rs 122 crore of funds, officials said on Saturday.
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