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Depositors in these 21 troubled banks will soon get compensation
The Deposit Insurance and Credit Guarantee Corporation (DICGC) has released the list of 21 banks; amount capped at Rs 5 lakh/deposit.
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Depositors of PMC Bank expected to get back up to Rs 5 lakh
Assessment of claims at other distressed banks is also being carried out
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PMC Bank Scam: Depositors await clarity on withdrawals even after 2 years
Around 1 lakh depositors of PMC bank are expected to get the benefit from the amendment to the DICGC Act.
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Cabinet approves amendment to DICGC Act
Once the Bill becomes law, it will provide immediate relief to thousands of depositors, who had their money parked in stressed lenders
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RBI keeps hapless PMC Bank depositors in wait until year-end
RBI wants to give breathing space to the new owners of the fraud-hit bank whose reconstruction is likely to take shape in the next few months
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RBI extends regulatory restrictions on PMC Bank till Dec
Paving the way for takeover of PMC, the RBI had earlier in the month granted in-principle approval to Centrum Financial to set up a small finance bank
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PMC Bank depositors: Here’s when you can get access to deposits
PMC bank updates:
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'PMC Bank customers should get back money without condition'
Paving the way for the takeover of PMC Bank, RBI has granted in-principle approval to Financial Services to set up a small finance bank
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RBI allows Centrum to set up small finance bank
The move paves the way for Centrum Financial to takeover crisis-ridden Punjab and Maharashtra Cooperative Bank
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Three final offers received for PMC Bank resolution, says RBI Governor Shaktikanta Das
Last month, the bank's administrator AK Dixit had said that three investors were given time till February 1, 2021 for submissions of their final offer
