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Bank Deposits: Strong Safety Net Needed

If a bank shuts down, every account holder it has will get back their money for a maximum limit of Rs 5 lakh.It was Rs 1 lakh before. Illustration: Dominic Xavier/Rediff.com American regulators......

Light at the end of the tunnel for PMC depositors?

'The money is readily available to the depositors.' Photograph: ANI Photo Unity Small Finance Bank, a 51:49 joint venture between the Centrum Group and Bharat Pe, which took over the beleaguered......

With Rs 7,000 cr stuck, over 20k PMC Bank depositors are playing waiting game

The amount stuck is 60 per cent of the total Rs 11,800-crore in deposits. The draft amalgamation scheme of Punjab and Maharashtra Co-operative (PMC) Bank with Unity Small Finance Bank (SFB)......

RBI scheme: PMC depositors to be paid over a period of 3-10 years

Inching closer to resolving the Punjab and Maharashtra Cooperative (PMC) Bank issue, the Reserve Bank on Monday came out with a draft scheme for takeover of the crisis-hit bank by the Delhi-based......

PMC Bank customers not to get Rs 5 lakh deposit cover in first lot

Customers of stressed Punjab & Maharashtra Co-Operative Bank (PMC Bank) will not get up to Rs 5 lakh insurance cover in the first lot as the multi-state co-operative bank is under the resolution......

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Dicgc

News for Dicgc

Bank Deposits: Strong Safety Net Needed

Light at the end of the tunnel for PMC depositors?

With Rs 7,000 cr stuck, over 20k PMC Bank depositors are playing waiting game

RBI scheme: PMC depositors to be paid over a period of 3-10 years

PMC Bank customers not to get Rs 5 lakh deposit cover in first lot

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