RBI supersedes New India Cooperative Bank board for 12 months
The RBI has also appointed a 'Committee of Advisors' to assist the Administrator in discharging his duties. The members of the Committee of Advisors are Ravindra Sapra (former General Manager, SBI) ...
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Fund misappropriation led to RBI action on New India Co-operative Bank
The RBI action on New India Co-operative Bank was prompted by alleged misappropriation of funds by the lender’s staffers,  sources said on Friday. Over 90 per cent of the city-based bank’s 1.3 lakh ...
Panicky customers flock to New India Co-operative Bank branches after RBI restrictions
Seema Waghmare, who holds an account at the New India Co-operative Bank said, "We deposited money just yesterday, but they did not say anything... They should have told us that this was going to ...