The Foundation of Nicb deposits demands urgent action to restore confidence in the New Cooperative Bank of India | Photo credit: PTI
The depositors of the New Cooperative Bank of India with Scam-Hit with RBI trafficked advisors and senior officials of the Apex Bank, demanding a specific roadmap for the revival or fusion of the bank and a better protection for the interests of the depositors, according to a statement.
The Foundation of Nicb depositors demands urgent measures to restore deposit confidence and relieve the financial tension that faces thousands or account holders since RBI imposed restrictions on February 13, 2025.
The Mumbai police have so far arrested eight people in relation to the Embeyer case of the New India New Indian Cooperative Bank.
The president of the Foundation, TN Raghunatha, said that a delegation of depositors with advisors to RBI Ravindra Chavan and Ravindra Sapra in the Bank’s corporate office in Prabhadevi on Friday.
Duration The discussion, the advisors offered a cautionly optimistic perspective about the bank’s future, said Raghunatha.
“The advisors were positive about the prospects of reliving the bank. They confirmed that multiple options were being explored, including a potential fusion, they thought that the details could not be shared at this stage,” he said.
The advisors assured the delegation that their concerns and written representation would be sent to the RBI along with their own presentations.
The Foundation also demanded to increase the withdrawal limit of ₹ 25000 to ₹ 1.5 LAKH for Hollower accounts, quote HeversHIP faced by depositors, the elderly and cooperative cooperative societies of cooperative housing.
The delegation also with three general managers of the RBI Supervision Department in the Maker Chambers office of the Central Bank in Cupfe Parade.
“RBI officials were reception and assured us that they would address our concerns with ups and downs.
The delegation presented a copy of its representation to the police station of the parade of how many.
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Posted on April 19, 2025
