RBI restrictions on New India Co-op Bank

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 with his associates for allegedly embezzling 122 crore
New India Co-operative Bank fraud case: How will the RBI crackdown impact account holders, depositers?
In its instructions against the bank, the RBI said,"It is hereby notified for information of the public that the RBI has issued certain Directio
Mumbai police arrest ex-GM of New India Cooperative Bank in Rs 122 crore fraud case
Hitesh Mehta, the former general manager of New India Cooperative Bank, has been accused of hatching a criminal conspiracy and embezzling about Rs 122 crore along with an accomplice.
New India Cooperative Bank General Manager arrested for ‘misappropriation’ of ₹122 crore
Mumbai police investigate embezzlement of ₹122 crore from New India Cooperative Bank, leading to RBI restrictions and board supersession.
New India Co-operative Bank Row: EOW Arrests Former GM Hitesh Mehta For Alleged ₹122 Crore Fraud
The police suspect that Hitesh Mehta and another unidentified individual were involved in orchestrating the fraud.
New India Cooperative Bank's General Manager held for 'misappropriation' of Rs 122 crore
The Mumbai police on Saturday arrested Hitesh Mehta, General Manager and Head of Accounts of the New India Cooperative Bank, for allegedly misappropriating Rs 122 crore from the bank, officials said
RBI restricts New India Co-operative Bank over Rs 122 crore fraud
RBI restricts New India Co-operative Bank amid allegations of a Rs 122 crore fraud scandal. Tom Hanks ‘storms out’ of SNL 50th anniversary concert after Jimmy Fallon ‘confusion’ Warren Buffett’s Berkshire Hathaway cuts stakes in BoA and Citi amid US debanking concerns Scholz says Germany will not support dictated peace agreement The IRS has announced 3 key changes to 401(k)s for 2025 — here's how to take advantage of them and grow your retirement riches Remains of 50,
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,
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
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.
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 ...
Maharashtra coop bank’s general manager nabbed in Rs 122-crore ‘embezzlement’ case
The Mumbai police on Saturday arrested Hitesh Mehta, general manager and head of accounts of New India Cooperative Bank, for ...
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 ...
New India Co-Operative Bank Case: From PMC Bank To Others, A Look Into Failures Of Co-Operative Lenders In The Past
The series of events leads us into a flashback of the cataclysmic failure of another co-operative bank, Punjab & Maharashtra ...
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Mumbai bank scam: Employee reveals how RBI uncovered Rs 122 crore cash shortfall
A routine audit at New India Cooperative Bank uncovered a Rs 122-crore cash shortfall. A senior bank employee’s statement, ...