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The NICB fraud has revived concerns over deposit safety in co-operative banks, with 430 such bank failures since 1962, risking thousands of crores of depositor funds.

The Urban Cooperative Banks (UCBs) sector is under scrutiny following regulatory actions, with 1,472 banks and significant ...

Mumbai Police’s Economic Offences Wing arrested ex-CEO Abhimanyu Bhoan in a Rs 122 crore fraud at New India Cooperative Bank.

The Reserve Bank of India (RBI) on Friday superseded the cooperative lender's board for a year and appointed an administrator ...

A court on Friday extended the police remand of Hitesh Mehta, the main accused in the Rs 122 crore New India Cooperative Bank ...

Hitesh Mehta and other executives are in police custody over a Rs 122 crore embezzlement at New India Cooperative Bank. The ...

The RBI has imposed strict regulations on New India Cooperative Bank following an alleged fraud, halting withdrawals and ...

New India Co-operative Bank fraud case emerged as a former general manager of the bank, Hitesh Pravinchand Mehta, was allegedly found involved in siphoning ₹122 crore from the lender. The authorities ...

In this regard, Mumbai Grahak Panchayat ( MGP) is conducting an On-line Survey of New India Bank depositors. The link to the ...

The Reserve Bank of India is working on a plan to allow depositors of troubled New India Co-operative Bank to make special ...

The police have also recorded the statement of the bank’s chief executive officer from 2019 to 2022, when the alleged fraud ...