RBI restrictions on New India Co-op Bank

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.
RBI issues notice to halt all financial operations of New India Co-operative Bank
RBI’s move comes after what it called 'recent material developments' at the bank. Although the central bank did not provide specific details, it stated that these directions were issued to protect depositors' interests.
Decoded: Why RBI stopped New India Co-operative Bank's operations
The RBI has barred the New India Co-operative Bank Ltd from issuing loans or permitting withdrawals for six months
RBI restrictions on New India Co-op Bank: All your FAQs answered
The Reserve Bank of India (RBI) has imposed strict restrictions on New India Co-operative Bank Limited in Mumbai, citing supervisory concerns over its financial position. As per the restrictions which are effective from the close of business on 13 February 2025,
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,
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RBI imposes business restrictions on THIS bank! Customers can't withdraw money - Details
Now the lender has been prohibited from issuing new loans or allowing withdrawals of deposits due to ongoing supervisory ...