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flag Mumbai police detain bank manager over ₹122 crore embezzlement allegation, causing customer panic.

flag Mumbai police have detained Hitesh Mehta, the General Manager of New India Cooperative Bank, over alleged embezzlement of ₹122 crore. flag An FIR was filed by the bank’s Acting CEO, and the case has been transferred to the Economic Offences Wing for investigation. flag The Reserve Bank of India has imposed restrictions on the bank, limiting withdrawals and superseding the bank's board, appointing an administrator to manage its affairs. flag This has sparked panic among the bank's customers.

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