Deposit Insurance and Credit Guarantee Corporation

cooperative bank: DICGC to make payments in October to depositors of 17 co-op banks facing RBI…

The Deposit Insurance and Credit Guarantee Corporation (DICGC) will be making payments to the eligible depositors of 17 cooperative banks, including eight from Maharashtra, in October. The Reserve Bank of India (RBI) had imposed several…

rbi: RBI cancels license of Pune-based Shri Anand Co-operative Bank

RBI on Thursday said it has cancelled the license of Shri Anand Co-operative Bank, Chinchwad, Pune as the lender does not have adequate capital and cannot pay its present depositors in full. The bank ceases to carry on banking business,…

RBI’s deposit insurance arm to pay depositors of two co-operative banks in August

The Deposit Insurance and Credit Guarantee Corporation (DICGC) will pay the eligible depositors of Shankarrao Pujari Nutan Sahakari Bank, Ichalkaranji, and Harihareshwar Sahakari Bank, Wai next month. DICGC, a wholly-owned subsidiary of…