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Google trend - New India Cooperative Bank

New India Cooperative Bank General Manager arrested for ...

Mumbai police investigate embezzlement of ₹122 crore from New India Cooperative Bank, leading to RBI restrictions and board supersession.

Read more at The Hindu


New India Cooperative Bank GM arrested in Rs 122 crore scam case

India Business News: Hitesh Mehta, the general manager of New India Cooperative Bank, was arrested by Mumbai police for allegedly embezzling Rs 122 crore.

Read more at Times of India


New India Cooperative Bank - 10 things to know with detail
  • Background: New India Cooperative Bank is a cooperative bank based in Mumbai, India. It was established in the year 1968 and has been serving customers for over 50 years.
  • Services offered: The bank offers a wide range of banking products and services including savings accounts, current accounts, fixed deposits, loans, credit cards, and online banking facilities.
  • Branch network: New India Cooperative Bank has a network of branches across Mumbai and its suburbs, making it convenient for customers to access banking services.
  • Cooperative structure: As a cooperative bank, New India Cooperative Bank is owned and operated by its members, who are also its customers. This gives customers a sense of ownership and control over the bank's operations.
  • Regulatory oversight: The bank is regulated by the Reserve Bank of India (RBI) and is subject to the same regulatory requirements as other commercial banks in the country.
  • Financial stability: New India Cooperative Bank has a strong financial position and has consistently reported profits over the years. This ensures the safety and security of customer deposits.
  • Customer service: The bank is known for its excellent customer service and personalized approach to banking. Customers can expect prompt and efficient service from the bank's staff.
  • Technology-driven: New India Cooperative Bank has embraced technology to enhance its banking services. It offers online banking facilities, mobile banking apps, and other digital services to make banking more convenient for customers.
  • Community involvement: The bank is actively involved in community development initiatives and social welfare programs. It regularly conducts financial literacy workshops and seminars to educate customers about banking and financial planning.
  • Awards and recognition: New India Cooperative Bank has received several awards and accolades for its performance and service quality. It has been recognized as one of the leading cooperative banks in India.
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