India's central bank said on Friday it has taken control of the board of New India Co-operative Bank for 12 months, a day ...

More than a lakh depositors and cooperative housing societies are affected as New India Cooperative Bank is put under ...

State Bank of India closed 20.84% below its 52-week high of 912.10 rupees, which the company achieved on June 3rd.

RBI’s action was necessitated due to certain material concerns emanating from poor governance standards observed in the ...

The Reserve Bank of India (RBI) on February 14 announced that it has superseded the board of directors of New India ...

Digital lending is reshaping credit access across India, with projected disbursements reaching ₹47.4 trillion by FY26. Mint’s new anthology of the digital revolution in lending, ’The State of Credit’, ...

MUMBAI: A day after banning it from giving out new loans and from taking deposits and also banning its depositors from taking ...

The Reserve Bank of India (RBI) has superseded the board of New India Co-operative Bank in Mumbai, citing poor governance ...

RBI supersedes New India Co-operative Bank board for poor governance, appoints committee to manage bank affairs. Deposit insurance available.

However, RBI stated that the bank is allowed to set off loans against deposits subject to the conditions stated in the ...

SBI, India's biggest public sector bank, offers a 7.50 per cent interest rate on fixed deposits made by senior citizens.

The penalties are based on deficiencies in regulatory compliance and are not intended to pronounce upon the validity of any ...