Mon, Jul 01, 2024
Prior to being promoted as executive director, Chowdhury was serving as Chief General Manager-in-Charge in the Department of Supervision.
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Tue, Oct 11, 2022
The Seva Vikas Co-operative Bank is prohibited from conducting the business of banking which includes, among other things, acceptance of deposits and repayment of deposits with immediate effect, the RBI said.
Sun, Aug 21, 2022
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.
Fri, Aug 19, 2022
As per the data submitted by the bank, more than 99 per cent of the depositors are entitled to receive the full amount of their deposits from Deposit Insurance and Credit Guarantee Corporation (DICGC), the central bank said in a release.
Wed, Jul 20, 2022
In both cases, the RBI said the issue of the directions under the Banking Regulation Act should not per se be construed as a cancellation of banking licenses issued to them.
Tue, Mar 22, 2022
The Reserve Bank of India on Monday cancelled the license of Kanpur-based People's Co-operative Bank Limited as it does not have adequate capital and earning prospects.
Wed, Sep 22, 2021
Punjab and Maharashtra Co-operative Bank (PMC) account holders can get up to Rs 5 lakh according to a statement released by Deposit Insurance and Credit Guarantee Corporation (DICGC).
DICGC will pay the depositors of the insured banks (as per list) placed under AID (with restrictions on withdrawal of deposits), an amount equivalent to the deposits outstanding (up to a maximum of Rupees Five Lakh only) within a period not exceeding 90 days.
Tue, Aug 31, 2021
PMC Bank account holders ALERT! Depositors of stressed banks like Punjab & Maharashtra Cooperative (PMC) Bank are now set to get up to Rs 5 lakh back from November 30 as the government has notified the amendment to the DICGC Act.
Tue, Aug 10, 2021
The Deposit Insurance and Credit Guarantee Corporation (DICGC) (Amendment) Bill, 2021, has been passed by Parliament providing some relief to the customers of the banks facing RBI restrictions.
Tue, Mar 06, 2018
If the bank goes into liquidation, the deposit insurance and credit guarantee corporation (DICGC), which is an RBI subsidiary pays up to Rs 1 lakh to the depositor either directly or through a liquidator.
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