RBI imposes restrictions on New India Co-op Bank

The Reserve Bank of India has placed restrictions on New India Co-operative Bank of Mumbai, citing liquidity concerns. With deposits amounting to Rs 2436 crores at the end of March 2024, the bank is now prohibited from granting loans, renewing advances, or accepting new deposits starting February 13, 2025, to safeguard depositors’ interests.

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Tata Capital approves plans for IPO

Tata Capital is moving forward with its IPO plans, gaining approval to issue 23 crore new shares while allowing some existing shareholders to exit. The

February 25, 2025

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