RBI supersedes Board of New India Co-operative Bank

Long queues outside New India Co-operative Bank after RBI imposes restrictions
The bank has been barred from accepting new deposits or allowing withdrawals, leaving account holders in distress.
Mumbai: RBI imposes restrictions on New India Co-operative Bank, freezes withdrawals to protect depositors
According to the RBI notice, Considering the banks present liquidity position Bank has been directed not to allow withdrawal of any amount from savings bank or current accounts or any other account of a depositor but is allowed to set off loans against deposits subject to the conditions stated in the RBI Directions.
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 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imposing several restrictions on Mumbai-based New India Co-operative Bank, the Reserve Bank of India (RBI) on Friday superseded its board citing poor governance standards, news agency PTI reported.
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.
81-year-old Chandigarh woman duped of ₹95 lakh over phone by ‘CBI officers’
C, Chandigarh, she received a WhatsApp call on January 15; the caller falsely claimed that her 90-year-old husband Gurdial Singh Takhar’s Aadhaar card had been misused in a money laundering case.
The Financial Express10h
RBI cancels bank holiday on March 31: Banks asked to stay open for fiscal-end closures
The RBI has instructed all agency banks to remain open for regular services on March 31, despite the day being a bank holiday ...
Men posing as ‘CBI and RBI directors’ dupe woman of Rs 95 lakh: Punjab police
A police officer said the investigation into the case is in progress, and the account details and mobile numbers of the accused were being verified to trace them.
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Punjab & Haryana High Court asks RBI to decide on representation against illegal loan hubs
The High Court of Punjab and Haryana at Chandigarh has recently disposed of a Public Interest Litigation (PIL) seeeking a direction to conduct an impartial investigation into the alleged illegal ...
Reserve Bank of India Invites Applications For Vacant Posts. Details
The RBI is looking to hire people for engagement of Medical Consultant on contract basis with fixed hourly remuneration at ...
Ravidas Jayanti 2025: Are banks closed on February 12? Check details
Ravidas Jayanti 2025: Banks will be closed on February 12, 2025 in some states to celebrate the 648th birth anniversary of ...
The Pioneer7d
RBI cuts policy rate by 25 bps to 6.25 pc , first reduction in five years
The RBI under new Governor Sanjay Malhotra on Friday cut interest rate for the first time in nearly five years as the central bank pivoted the policy stance to support a shuttering economy.
ptcnews7d
RBI to launch exclusive ‘.bank.in’ and ‘.fin.in’ domains to strengthen financial security
Initiative is designed to mitigate fraud in digital transactions and create a more secure online financial ecosystem ...
Bank holiday tomorrow: Banks to remain shut in these states for Ravidas Jayanti, check full list
The bank customers must note that the banks are closed on all national and local festivals, anniversaries, Sundays, second ...