RBI supersedes Board of New India Co-operative Bank

RBI supersedes Board of New India Co-operative Bank; customers in distress
The Reserve Bank of India (RBI) has superseded the Board of Directors of New India Co-operative Bank for 12 months, citing poor governance standards.
Explained: Why RBI has imposed curbs on New India Co-operative Bank
The Reserve Bank of India (RBI) has imposed strict restrictions on Mumbai-based New India Co-operative Bank, barring it from issuing new loans, accepting fresh deposits, or allowing withdrawals for six months.
RBI restrictions worry New India Co-op Bank clients
Surat: There was panic among clients of New India Co-Operative Bank in the city on Friday, after they learned about restrictions imposed on the bank b.
RBI Halts Key Operations of New India Co-operative Bank, Supersedes Board—Here’s Why
However, RBI stated that the bank is allowed to set off loans against deposits subject to the conditions stated in the directions
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 of six months, subject to review.
RBI Takes Over New India Co-op Bank: Board Superseded
The Reserve Bank of India (RBI) has superseded the board of New India Co-operative Bank in Mumbai, citing poor governance standards. The bank faces restrictions on withdrawals and loan issuance.
New India Co Operative Bank | RBI Imposes Restrictions On Cash-Strapped New India Co-Operative Bank
The Reserve Bank of India has imposed severe restrictions on Mumbai's New India Co-operative Bank due to detected irregularities. Now the customers of this are unable to withdraw funds, and the bank has been barred from offering new loans or deposits.
RBI restricts New India Co-operative Bank, freezes customer withdrawals
Reserve Bank of India (RBI) imposes restrictions on New India Co-operative Bank, limiting operations and withdrawals.
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.
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.
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.
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Do you have an account in this bank? Now you will not be able to withdraw or deposit money from here, know why RBI has imposed a ban.
The Reserve Bank of India has taken a big action against New India Co-operative Bank and banned the business activities of ...
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