India, The Co-operative Bank and RBI

India's RBI allows New India Co-op Bank depositors to withdraw up to 25,000 rupees
India's central bank said on Monday it would allow depositors of troubled New India Co-operative Bank to withdraw up to 25,000 rupees (about $290) from their accounts. The RBI on Feb. 13 barred the lender from issuing new loans,
New India Co-operative Bank's depositors can withdraw up to Rs 25,000 from Feb 27, says RBI
With this relaxation, more than 50% of the total depositors will be able to withdraw their entire balances, says RBI
Over 50% of New India Co-op Bank depositors can withdraw full savings as RBI eases curbs
The RBI had placed All-Inclusive Directions (AID) on the bank on February 13, preventing any withdrawals due to concerns over its liquidity and financial stability.
India's central bank relaxes certain norms for urban co-operative banks
India's central bank on Monday revised certain norms for urban co-operative banks (UCBs), with a view of providing them with greater operational flexibility, while meeting regulatory objectives.
New India Co-operative Bank: How a former GM was involved in ₹122-crore fraud — Explained
A former general manager of New India Co-operative Bank, Hitesh Pravinchand Mehta, was allegedly found involved in siphoning ₹122 crore off the lender. The authorities have arrested three people involved in the case as of February 21.
RBI Expands Operational Flexibility for Urban Cooperative Banks (UCBs) on Lending Norms
The Reserve Bank of India (RBI) has introduced measures to enhance the operational flexibility of Urban Cooperative Banks (UCBs), allowing them greater freedom in lending without compromising regulatory objectives.
Indian rupee premiums, short-term bond yields drop after central bank's $10 bln FX swap
The 1-year dollar/rupee forward premium plunged on Monday and shorter-term India government bond yields fell, after the ...
New India Co-op Bank Despositors can withdraw up to Rs 25,000 soon in big relief for A/C holders
In a sigh of relief for irked customers of New India Co-operative Bank, the RBI on Monday permitted withdrawals of up to Rs ...
India’s Economic Growth Set to Pick Up Pace, Central Bank Says
India’s economy has recovered its lost momentum and consumption demand may improve on the back of moderating inflation and ...
Naming ex-India central bank chief Das as key aide highlights Modi's economic focus
India's appointment of former central bank governor Shaktikanta Das as a key aide to Prime Minister Narendra Modi reinforces ...
GLIN: Getting Ahead Of The Indian Cycle
After a record bull run, growth has fallen out of favor in India. Click here to read why GLIN ETF's growth strategy could ...