Concerns over New India Co-operative Bank's financial stability and a potential Rs 122 crore scam prompted the RBI to take strict action. This incident has added to the growing list of cooperative ...

The NICB fraud has revived concerns over deposit safety in co-operative banks, with 430 such bank failures since 1962, risking thousands of crores of depositor funds.

RBI restrictions on New India Co-operative Bank: ‘All our savings stuck in this bank’ Updated on: 15 February,2025 07:46 AM IST | Mumbai Shirish Vaktania | mailbag@mid-day.com ...

Co-operative banks were to be the financial backbone for small depositors — shopkeepers, pensioners, and salaried workers who trusted these institutions with their life savings ...

The takeover of the Co-operative Bank by Coventry Building Society will go through from 1 January after the £780m deal was given the green light by regulators. The deal, first announced in May ...

That yet another Urban Co-operative Bank (UCB) — the New India Co-operative Bank, based in Maharashtra, has failed is not a ‘new’ occurrence, since the history of UCBs is replete with such ...

The RBI, in a circular on January 17, stated: “Instructions on nomination facility for Scheduled Commercial Banks (SCBs) (Excluding RRBs), Primary (Urban) Co-operative Banks (UCBs) and Deposit ...