The RBI barred the Mumbai-based bank from issuing new loans, accepting fresh deposits, and suspended withdrawals for six ...

Banks typically offer higher interest on their long-term deposits and lower interest on short-term fixed deposits ...

The Reserve Bank of India (RBI) on Thursday imposed several restrictions on the cooperative bank, including on withdrawal of funds by depositors, citing supervisory concerns ...

A major scam involving New India Co-operative Bank in Mumbai has come to light, with the bank's General Manager, Hitesh Mehta ...

Mumbai police investigate embezzlement of ₹122 crore from New India Cooperative Bank, leading to RBI restrictions and board ...

CoinSwitch Kuber's Ashish Singhal says the priority is on sustainable growth rather than quick wins, even as he says the ...

The bank can renew existing term deposits upon maturity, ensuring some continuity for depositors with longer-term investments ...

Many banks have revised its loan rates after the Reserve Bank of India's (RBI) recent cut in the repo rate by 25 basis points ...

Police suspect Mehta had an accomplice, and the case has now been transferred to the Economic Offences Wing (EOW) for further ...

Hitesh Mehta, the general manager of New India Cooperative Bank, has been accused of hatching a criminal conspiracy and ...

The Reserve Bank of India (RBI) had imposed a sanction on Navi Finserv last year in October after it found non-compliance ...