Fri, Feb 14, 2025
The RBI action on New India Co-operative Bank was prompted by alleged misappropriation of funds by the lender's staffers, sources said on Friday. Over 90 per cent of the city-based bank's 1.3 lakh depositors have up to Rs 5 lakh in their accounts, and will be in a position to get their entire money by way of deposit insurance, they said.
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