A former general manager of New India Co-operative Bank, Hitesh Pravinchand Mehta, was allegedly found involved in siphoning ...

Mumbai police’s Economic Offences Wing (EOW) has arrested former New India Co-operative Bank CEO Abhimanyu Bhoan, 45, in ...

Mumbai Police’s Economic Offences Wing arrested ex-CEO Abhimanyu Bhoan in a Rs 122 crore fraud at New India Cooperative Bank.

The NICB fraud has revived concerns over deposit safety in co-operative banks, with 430 such bank failures since 1962, risking thousands of crores of depositor funds.

EOW officials further revealed that the cash retention limit of the bank’s head office and other branches was Rs 10 crore in ...

The bank's general manager and head of accounts Hitesh Mehta, its former CEO Abhimanyu Bhoan and real estate developer ...

The Economic Offences Wing’s probe into the Rs 122 crore New India Cooperative Bank embezzlement case has found that the lender had retention limit of Rs 20 crore for the cash safe though the books ...

The child had gone missing from Kolsewadi locality on December 24, and her body was found later in Bapgaon village in Padgha ...

In this regard, Mumbai Grahak Panchayat ( MGP) is conducting an On-line Survey of New India Bank depositors. The link to the ...

Hitesh Mehta and other executives are in police custody over a Rs 122 crore embezzlement at New India Cooperative Bank. The ...

The bank’s general manager Hitesh Mehta is accused of misappropriating a total of ₹122 crore in cash from the bank’s safe ...

Another cooperative bank is in a fix. India needs a root-and-branch reform of its deposit insurance scheme for banks.