The Reserve Bank of India (RBI) has superseded the board of New India Co-operative Bank in Mumbai, citing poor governance ...

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

The Reserve Bank of India (RBI) has superseded the Board of Directors of New India Co-operative Bank for 12 months, citing ...

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