As the investigation into the New India Co-operative Bank scam intensifies, more details have emerged. The Reserve Bank of India (RBI) was aware of the irregularities at the bank since May 2021, yet it failed to prevent the misappropriation of Rs 122 crore, which mysteriously vanished from the bank’s cash vault. According to sources in the Economic Offences Wing (EOW), this revelation came to light following the statement of the complainant—the acting chief accounting officer of the bank.