RBI restrictions on New India Co-op Bank

New India Co-operative Bank's financial operations halted after notice from RBI
The Reserve Bank of India (RBI) has restricted Mumbai-based New India Co-operative Bank from issuing loans, accepting deposits, or permitting withdrawals for six months. The move comes amid concerns over the bank's financial health and liquidity.
RBI supersedes New India Co-op Bank board after imposing biz restrictions
The Reserve Bank of India (RBI) on Friday superseded the board of Mumbai based New India Cooperative Bank for a period of twelve months, and appointed Shreekant, former chief general manager of State Bank of India (SBI) as administrator to manage the affairs of the bank during this period.
RBI supersedes New India Cooperative Bank board, appoints administrator amid fund misuse allegations
RBI has taken control of New India Cooperative Bank’s board for a year, appointing an administrator amid fund misuse allegations. Deposit withdrawals remain suspended for six months, with 90% of depositors insured.
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,
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RBI supersedes board of Mumbai-based New India Co-op Bank
A day after imposing several restrictions on Mumbai-based New India Co-operative Bank, the Reserve Bank of India (RBI) on Friday superseded its board citing poor governance standards, news agency PTI reported.
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 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A day after imposing several restrictions on city-based New India Co-operative Bank, the RBI on Friday superseded its board citing poor governance standards.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 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!
Panicky customers flock to New India Co-operative Bank branches after RBI restrictions
Account holders in thousands gathered outside Mumbai-headquartered New India Co-operative Bank Limited branches to withdraw their hard-earned savings, soon after the Reserve Bank of India put several restrictions on the lender.
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Reserve Bank of India
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India’s central bank cuts rates for first time in nearly 5 years; signals less restrictive approach
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