Under the proposed norms, MSME borrowers will benefit from these provisions up to an aggregate sanctioned loan limit of ₹7.50 crore per borrower. This move is expected to support small businesses by ...

A former general manager of New India Co-operative Bank, Hitesh Pravinchand Mehta, was allegedly found involved in siphoning ...

The Trinamul Congress and the Congress, in an unprecedented bid have joined hands together against the CPM in a cooperative ...

Mumbai Police’s Economic Offences Wing arrested ex-CEO Abhimanyu Bhoan in a Rs 122 crore fraud at New India Cooperative Bank.

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.

The Western Zonal Council comprises the states of Maharashtra, Gujarat, Goa, and the Union Territories of Dadra and Nagar Haveli and Daman & Diu. The meeting is being organised by the Inter-State ...

EOW officials further revealed that the cash retention limit of the bank’s head office and other branches was Rs 10 crore in ...

The bank's general manager and head of accounts Hitesh Mehta, its former CEO Abhimanyu Bhoan and real estate developer ...

The physical check of the safe showed the amount in it to be lesser than the stipulated retention limit of Rs 20 crore ...

Due to the stringent restrictions imposed by the Reserve Bank on the New India Co-operative Bank (NICB) from February 14, the depositors of the bank are facing numerous difficulties. For the next six ...

Hitesh Mehta and other executives are in police custody over a Rs 122 crore embezzlement at New India Cooperative Bank. The ...