On February 15, 2025, Mumbai Police’s Economic Offences Wing (EOW) arrested Hitesh Mehta, General Manager and Head of Accounts at New India Cooperative Bank, on charges of embezzling ₹122 crore.RBI has dissolved the bank’s board for a year, appointed an administrator, and imposed withdrawal restrictions to safeguard depositors’ interests.
Police Arrest New India Cooperative Bank’s General Manager
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