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Depositors of 21 Banks, including PMC Bank, to Receive Max Rs5 Lakh by 29th December: DICGC

Depositors of 21 banks, including Punjab and Maharashtra Cooperative (PMC) Bank, will receive up to Rs5 lakh from the Deposit Insurance & Credit Guarantee Corporation (DICGC) within 90 days or by 29 December 2021 under the all-inclusive directions (AID).

Guru Raghavendra Sahakara Bank depositors say they continue to face hardships

Bengaluru (Karnataka) [India], August 14 (ANI): The depositors of Sri Guru Raghavendra Sahakara Bank on Saturday said they continue to face an extremely difficult situation in accessing their money after a restriction was placed on the bank under U/S 35A of the Banking Regulation Act 1949 (AACS) by the RBI.

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