Explained: How the ₹122 Crore New India Cooperative Bank Fraud Unfolded

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Summary
A ₹122 crore fraud at New India Cooperative Bank, involving former GM Hesh pin Chand mea, was uncovered during an internal audit. Misappropriated funds were detected, leading to police investigations and RBI intervention. Over 1.3 lakh depositors are affected, but 90% with deposits under ₹5 lakh are assured protection.
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