New India Co-op Bank depositors get relief

India's RBI allows New India Co-op Bank depositors to withdraw up to 25,000 rupees
India's central bank said on Monday it would allow depositors of troubled New India Co-operative Bank to withdraw up to 25,000 rupees (about $290) from their accounts. The RBI on Feb. 13 barred the lender from issuing new loans,
RBI allows New India Coop Bank depositors to withdraw up to 25k
Mumbai: The Reserve Bank of India (RBI) has eased withdrawal restrictions on New India Cooperative Bank, allowing depositors to withdraw up to Rs 25,0.
RBI allows withdrawal of up to ₹25,000 per depositor of New India Co-operative Bank from February 27
RBI relaxes restrictions on New India Co-operative Bank, allowing depositors to withdraw up to ₹25,000 from February 27.
India's central bank relaxes certain norms for urban co-operative banks
India's central bank on Monday revised certain norms for urban co-operative banks (UCBs), with a view of providing them with greater operational flexibility, while meeting regulatory objectives. UCBs are financial institutions operating in urban and semi-urban areas,
RBI Allows Rs 25,000 Withdrawal from New India Co-op Bank
The Reserve Bank of India (RBI) has allowed depositors of New India Co-operative Bank to withdraw up to Rs 25,000 from their accounts, effective February 27, 2025. This relaxation comes after the RBI imposed restrictions on the bank due to supervisory concerns.
New India Co-operative Bank's depositors can withdraw up to Rs 25,000 from Feb 27, says RBI
With this relaxation, more than 50% of the total depositors will be able to withdraw their entire balances, says RBI
India's central bank weighs some relief for New India Co-op Bank depositors, sources say
The Reserve Bank of India is working on a plan to allow depositors of troubled New India Co-operative Bank to make special withdrawals for personal and medical emergencies, two sources familiar with the matter said on Thursday.
Over 50% of New India Co-op Bank depositors can withdraw full savings as RBI eases curbs
The RBI had placed All-Inclusive Directions (AID) on the bank on February 13, preventing any withdrawals due to concerns over its liquidity and financial stability.
RBI allows New India Cooperative Bank depositors to withdraw up to ₹25,000
With this relaxation, more than 50% of the total depositors can withdraw their entire balances, and the remaining depositors can draw up to ₹25,000 from their deposit accounts.
New India Co-operative Bank's depositors can withdraw up to Rs 25,000 | Check details
Mumbai police has arrested Hitesh Mehta, General Manager and Head of Accounts of the New India Cooperative Bank, for allegedly misappropriating Rs 122 crore from the bank.
RBI allows withdrawal of up to Rs 25,000 per depositor of New India Co-op Bank from February 27
The RBI has allowed New India Co-operative Bank customers to withdraw up to Rs 25,000 from their deposits following a review of the bank's liquidity.
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