RBI supersedes Board of New India Co-operative Bank

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,
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 Cooperative Bank or PMC bank. PMC Bank, which itself was merged with Unity Small Finance Bank, went bust in 2022, ensuing the play similar scenes, that are being witnessed today.
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imposing several restrictions on Mumbai-based New India Co-operative Bank, the Reserve Bank of India (RBI) on Friday superseded its board citing poor governance standards, news agency PTI reported.
Factbox-India's central bank begins unwinding curbs on NBFCs and banks
The Reserve Bank of India has started to ease curbs on non-banking financial companies (NBFCs) and banks after they improved their compliance following a series of supervisory restrictions. High interest rates and tighter regulations have been cited as contributors to weak demand and a slowdown in India's economic growth,
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!
Indian central bank approves Temasek unit to raise stake in AU Small Finance Bank
The Reserve Bank of India has given its approval to a Temasek unit to raise its stake in AU Small Finance Bank to up to 7%, ...
Central Bank Of India ZBO Recruitment 2025: Application Process To End Today, Check Details
Central Bank Of India ZBO Recruitment 2025: Selection Procedure The selection process consists of a written examination and ...
Central Bank of India Recruitment 2025: Last date tomorrow to apply for 266 Zone Based Officers posts, link here
Central Bank of India will end the registration process for Zone Based officers on 9, 2025. The direct link to apply is given ...
India central bank-driven rally in rupee likely to extend
The Indian rupee is poised to open higher on Wednesday, adding to its recovery over the last two days that was fuelled ...
India's central bank cuts rates for the first time in nearly five years, forecasts faster growth next year
The Reserve Bank of India has cut its key interest rate for the first time in nearly five years, as cooling inflation has ...
India Today on MSN1h
New India Co-operative Bank ex-manager under probe for Rs 122-crore fraud: Cops
The RBI barred the Mumbai-based bank from issuing new loans, accepting fresh deposits, and suspended withdrawals for six ...
Indian Central Bank to Infuse Record Overnight Funds Post Heavy FX Intervention
MUMBAI (Reuters) - India's central bank will infuse a record quantum of funds into the banking system through an overnight ...
ABP Live on MSN14h
RBI Restricts New India Cooperative Bank Businesses. Here's What Customers Must Do Now
These directions came into effect on from the close of business on Thursday and are expected to remain in force for a period ...