India's central bank will need to inject at least another 1 trillion rupees ($11.54 billion) into the banking system by March ...

New India Co-operative Bank fraud case emerged as a former general manager of the bank, Hitesh Pravinchand Mehta, was ...

The Reserve Bank of India (RBI) on Friday superseded the cooperative lender's board for a year and appointed an administrator ...

The Reserve Bank of India is working on a plan to allow depositors of troubled New India Co-operative Bank to make special ...

The police have also recorded the statement of the bank’s chief executive officer from 2019 to 2022, when the alleged fraud ...

During an RBI inspection on February 12, Rs 112 crore was found missing from the bank's Prabhadevi branch, and an additional ...

The investigation has revealed that a former employee of the bank alerted the RBI about the situation, which is currently being verified.

Former New India Coop Bank GM Hitesh Mehta is suspected of misappropriating Rs 122 crore by directing staff to distribute ...

The threshold of Rs 5 lakh was fixed less than five years ago and now, authorities are considering hiking the limit in light ...

India’s central bank did not accept any bids for 91 and 182-day treasury bills in an auction Thursday amid a cash squeeze in the nation’s banking system.

(Reuters) -The Reserve Bank of India (RBI) reduced its key repo rate on Friday for the first time since May 2020, aiming to provide stimulus to the sluggish economy, which is projected to grow at its ...