Mumbai, Feb. 15 -- The Economic Offences Wing (EOW) of the Mumbai Police on Saturday started investigating the alleged irregularities in the New India Cooperative Bank.

The bank representative has made a complaint about the same to the EOW, following which his statement was recorded.

On February 14, the Reserve Bank of India superseded the Board of Directors of New India Cooperative Bank Ltd, Mumbai, for a period of 12 months, the central bank said in a statement on Friday, a day after it imposed several restrictions on the lender.

Consequently, the RBI has appointed Shreekant, former Chief General Manager of State Bank of India (SBI) as 'Administrator' to manage the affairs of the bank during this period. The RBI has also appointed a ...