New India Co Operative Bank News - Latest Updates & Headlines
RBI takes control: New India Co-operative Bank's board superseded amid crisis
Mumbai, Feb 14: The Reserve Bank of India (RBI) on Friday took strong action against the New India Co-operative Bank by removing its board of directors for a period of 12 months, effective from February 14.
Panicky customers flock to New India Co-operative Bank branches after RBI restrictions
Mumbai, February 14: Customers gathered in hundreds outside Mumbai-headquartered New India Co-operative Bank Limited branches to withdraw their hard-earned savings, soon after the Reserve Bank of India imposed several restrictions on the lender.
Mumbai: RBI imposes restrictions on New India Co-operative Bank, freezes withdrawals to protect depositors
Mumbai, February 14: The Reserve Bank of India (RBI) on Friday issued a notice imposing restrictions on New India Co-operative Bank Limited, Mumbai, barring it from carrying out financial operations without prior approval.
Long queues outside New India Co-operative Bank after RBI imposes restrictions
Mumbai, Feb 14: The Reserve Bank of India's (RBI) restrictions on New India Co-operative Bank, located in Bandra, Mumbai, have triggered panic among customers, who are now unable to access their deposits. People are queuing up outside the bank to withdraw their deposits.