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.
Mumbai: Customers queue outside New India Co-operative Bank as RBI bars lender from fresh business
RBI said the directions were necessary due to concerns arising from 'recent material developments' at the bank
Will RBI pay our money back? Ask angry customers New India Co-op Bank as RBI imposes ban
As Mumbai-based New India Co-operative Bank faces crisis, mid-day went on the ground to the New India Co-operative Bank branch in Santacruz East to gauge the reaction of the flustered public who have their money deposited in the bank.
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.
RBI Restricts New India Cooperative Bank Businesses. Here's What Customers Must Do Now
The Reserve Bank of India imposed multiple restrictions on the Mumbai-based New India Co-operative Bank on Thursday. The central bank barred depositors from withdrawing any funds from the bank, restricted the lender from granting any advances or renewing any loans,
RBI restrictions on New India Co-op Bank: What depositors need to know
The Reserve Bank of India (RBI) has imposed strict restrictions on New India Co-operative Bank Limited, Mumbai, citing supervisory concerns over its financial position. Effective from the close of business on 13 February 2025,
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