The extent of devolvement on DICGC in the event of all the banks ‘under direction’ or weak banks going into liquidation/ordered to be wound up, would be Rs 14098 crore as of end September, 2019, RBI said. The break-up would be Rs 3,414 crore in the case of state cooperative banks, district central cooperative banks and ₹10,684 crore in the case of UCBs including PMC Bank.
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Friday, December 27, 2019
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DICGC faces a claim of Rs 14,000 crore from co-operative banks including PMC: RBI
DICGC faces a claim of Rs 14,000 crore from co-operative banks including PMC: RBI
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