The RBI has imposed strict regulations on New India Cooperative Bank following an alleged fraud, halting withdrawals and taking control of its board. On 13 February, RBI placed the lender under ...

The Mumbai police on Saturday (February 15, 2025) arrested Hitesh Mehta, General Manager and Head of Accounts of the New India Cooperative Bank, for allegedly misappropriating ₹122 crore from ...

More than a lakh depositors and cooperative housing societies are affected as New India Cooperative Bank is put under moratorium by RBI due to supervisory concerns. An administrator and committee ...

A Mumbai court has remanded Hitesh Mehta, a former general manager of New India Cooperative Bank, and Dharmesh Paun in police custody until February 21 for allegedly misappropriating Rs 122 crore.

The Shiv Sena (UBT) leader Sanjay Raut on Monday accused Bharatiya Janata Party (BJP) workers of being involved in the recent New India Cooperative Bank scam where funds worth ₹122 crore has ...

JP Morgan is running out of desk space at its London headquarters as it pushes its 22,000 UK staff to return to the office five days a week. The investment bank currently lacks the space in its ...

An FIR has been filed against Mehta, including charges of criminal breach of trust and conspiracy under the Bharatiya Nyaya Sanhita. A Mumbai court has remanded Hitesh Mehta and Dharmesh Paun, the ...

In the ongoing probe on the New Cooperative Bank fraud, at least half a dozen former directors of the bank have told investigators that they were unaware of the alleged Rs 122 crore embezzlement ...

Mehta allegedly misappropriated around ₹122 crore from vaults in the bank’s Prabhadevi head office and Goregaon ... restrictions on the New India Cooperative Bank on February 13 due to alleged ...

Finance Minister Makis Keravnos on Wednesday expressed his full support for the re-establishment of the cooperative banking sector in Cyprus on a stable and sustainable basis. During a meeting ...

PC gamers looking for a desk that can fit into a small space should strongly consider the Costway gaming desk. Although it is a 55-inch desk, which means users can easily store their gaming ...

The crisis at a cooperative bank has thrown attention on the need to increase the deposit insurance limit and explore a risk-based premium model for the deposit insurance fund. As the Reserve Bank ...