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RBI Restrictions News

16 Feb 2025

New India Cooperative Bank: GM Arrested By EOW In Rs 122 Crore Fraud Case

RBI Restrictions On New India Cooperative Bank: The case is being investigated under the supervision of DCP Mangesh Shinde, who oversees financial crimes in the banking sector. The fraud is believed to have taken place between 2020 and 2025.

15 Feb 2025

Customers Unable to Withdraw Funds From THIS BanK Under RBI Restrictions

RBI Restrictions On New India Co-operative Bank: The former General Manager of New India Co-operative Bank in Mumbai, Hitesh Praveenchand Mehta, has been booked for allegedly embezzling Rs 122 crore from the bank's treasury. The complaint states that Mehta withdrew the funds from the Dadar and Goregaon branches between 2020 and 2025.

08 May 2021

RBI extends restrictions on THIS bank by 3 months; sets withdrawal cap

The RBI has extended the restrictions on Karnataka-based Millath Co-operative Bank by three months, till August 8, 2021. The bank would also not enter into any compromise or arrangement and sell, transfer or otherwise dispose of any of its properties or assets. Further, the centre also imposed a withdrawal limit of Rs 1,000 from every savings or current account or any other deposit account.

15 May 2015

Gold imports rise 78.33% at $3.13 billion in April

The CAD in the first half of this fiscal declined to 1.9% of GDP ($18 bn) from 3.1% ($27 bn).

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