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.
India’s Central Bank Cuts Key Rate For the First Time Since 2020
Projects FY26 inflation at 4.2%, GDP growth at 6.7%
New India cooperative bank under RBI lens
The economic offences wing of the Mumbai police has arrested Hitesh Mehta, the former general manager and head of accounts at New India Cooperative Bank, in a 122 crore rupees embezzlement case. The arrest comes just days after the Reserve Bank of India imposed strict restrictions on the bank over financial irregularities.
Factbox-India's central bank begins unwinding curbs on NBFCs and banks
The Reserve Bank of India has started to ease curbs on non-banking financial companies (NBFCs) and banks after they improved their compliance following a series of supervisory restrictions. High interest rates and tighter regulations have been cited as contributors to weak demand and a slowdown in India's economic growth,
RBI restricts New India Co-operative Bank over Rs 122 crore fraud
RBI restricts New India Co-operative Bank amid allegations of a Rs 122 crore fraud scandal. Tom Hanks ‘storms out’ of SNL 50th anniversary concert after Jimmy Fallon ‘confusion’ Warren Buffett’s Berkshire Hathaway cuts stakes in BoA and Citi amid US debanking concerns Scholz says Germany will not support dictated peace agreement The IRS has announced 3 key changes to 401(k)s for 2025 — here's how to take advantage of them and grow your retirement riches Remains of 50,
Former New India Cooperative Bank GM arrested by EOW
Hitesh Mehta was on Saturday evening arrested by the Economic Offences Wing (EOW) of Mumbai Police, the officials said. Mehta was initially detained by the police following a raid at his residence in Dahisar area of Mumbai,
India's central bank boosts long-term liquidity infusion again
India's central bank on Wednesday surprised markets by announcing another liquidity infusion this week as it aims to inject funds in the banking system for the longer term. The Reserve Bank of India will conduct a 49-day variable rate repo for 750 billion rupees ($8.
Spooked by RBI ban, New India Co-op Bank customers throng branches
All requests for withdrawal of funds were turned down, with banners at branch gates saying deposits would be paid back in around 90 days
RBI restrictions on New India Co-op Bank: Angry customer asks questions
As the RBI`s restrictions on the New India Cooperative Bank entered its second day, angry customers gathered outside multiple bank branches in parts of Mumbai, grappling with uncertainty over their finances are trying to seek answers to their questions.
RBI supersedes New India Cooperative Bank board, appoints administrator amid fund misuse allegations
The Reserve Bank of India (RBI) on Friday took control of the board of Mumbai-based New India Cooperative Bank for a year and appointed former SBI chief general manager Shreekant as the administrator to oversee its operations,
RBIDATA: From finding nearest bank to tracking Indian economy, here’s how RBI’s new app will make your life easier
RBIDATA app from the Reserve Bank of India aims to help users access 11,000 different economic data sets to understand the ...
India mulls raising limit for bank deposit insurance, financial services secretary says
India is actively considering raising the bank deposit insurance coverage, a top official said on Monday, days after the ...
Central Bank of India Recruitment 2025: Last date tomorrow to apply for 266 Zone Based Officers posts, link here
Central Bank of India will end the registration process for Zone Based officers on 9, 2025. The direct link to apply is given ...
India's central bank cuts rates for the first time in nearly five years, forecasts faster growth next year
The Reserve Bank of India has cut its key interest rate for the first time in nearly five years, as cooling inflation has ...
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India bond yields decline on central bank liquidity support
MUMBAI: Indian government bond yields inched down at the start of the week after the central bank announced more liquidity infusion into the banking system, while US bond yields came off their recent ...
India Central Bank Kicks Off Easing Cycle to Boost Economy
The Reserve Bank of India cut its policy rate for the first time in nearly five years as economic growth slows and inflation ...
Indian Central Bank to Infuse Record Overnight Funds Post Heavy FX Intervention
MUMBAI (Reuters) - India's central bank will infuse a record quantum of funds into the banking system through an overnight ...
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India’s central bank launches exclusive internet domains to combat cyber threats
The Reserve Bank of India (RBI) is set to introduce exclusive internet domains for financial sector participants, including ...