Account holders visit New India Co-operative bank

Account holders visit New India Co-op bank Pics/Ashish Raje Mid-Day Mumbai By mid-day online correspondent Published Feb 15, 2025 [{ "selector": ".imaoe-a", "duration": "1000ms", "fill": "forwards", "keyframes": [ {"offset": 0, "transform": "translateX(-309px)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }]

In response to irregularities in lending practices, the Reserve Bank of India (RBI) has enforced a six-month transaction ban on the New India Co-operative Bank [{ "selector": ".imaoe-a", "duration": "1000ms", "fill": "forwards", "keyframes": [ {"offset": 0, "transform": "translateX(-309px)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }]

The bank is prohibited from conducting any financial transactions without the explicit approval of the central bank [{ "selector": ".imaoe-a", "duration": "1000ms", "fill": "forwards", "keyframes": [ {"offset": 0, "transform": "translateX(-309px)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }]

The Economic Offences Wing (EOW) of Mumbai police has taken the bank`s former General Manager, Hitesh Mehta, into custody [{ "selector": ".imaoe-a", "duration": "1000ms", "fill": "forwards", "keyframes": [ {"offset": 0, "transform": "translateX(-309px)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }]

Mehta is accused of being involved in financial irregularities amounting to a staggering Rs 122 crore [{ "selector": ".imaoe-a", "duration": "1000ms", "fill": "forwards", "keyframes": [ {"offset": 0, "transform": "translateX(-309px)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }]

YOU MAY ALSO LIKE

Horoscope today: February 15, 2025

BMC attaches Rs 178.64 crore worth properties in Mumbai