Here's a look at timeline of the New India Cooperative Bank scam. February 11: The scam came to light after an RBI inspection at the bank’s corporate office in Prabhadevi. While the safe had a ...

RBI Inspection on February 11 – The central bank’s team visited the corporate office branch in Prabhadevi and discovered ₹122 crore missing from the vault.. Mismatched Records – The ...

Since May, the RBI has raised the short term lending rate (repo) by 2.25 basis points, taking it to a nearly three-year high of 6.25%. Published on: Dec 12, 2022 4:58 PM IST # ministry of finance ...

The Economic Offences Wing (EOW) of the Mumbai police, which is investigating the Rs 122 crore embezzlement at New India Co-operative Bank has shared some updates related to the bank's Prabhadevi ...

RBI's monetary policy tightening impact likely to be seen after 5-6 quarters For the entire fiscal FY23, RBI expects inflation at 6.7% which is above its upper tolerance limit.

RBI Governor needs to send explanatory report to government if the central bank fails to retain inflation within the 2-6% band for three consecutive quarters is mandatory for missing inflation ...

Rbi: The average inflation was above the upper tolerance level of the inflation target, that is 6 per cent for 3 consecutive quarters during January-September, 2022.

The inflation has remained above the upper tolerance limit of 6 per cent for nine straight months or three quarters. ... RBI to hold special MPC meet on November 3 on preparing inflation report .

The Economic Offences Wing (EOW) of the Mumbai Police has made a fourth arrest in connection with the Rs 122 crore embezzlement case at the New India Co-operative Bank’s Prabhadevi branch.