DICGC faces a claim of Rs 14,000 crore from co-operative banks including PMC: RBI

The extent of devolvement on DICGC in the event of all the banks ‘under direction’ or weak banks going into liquidation/ordered to be wound up, would be Rs 14098 crore as of end September, 2019, RBI said. The break-up would be Rs 3,414 crore in the case of state cooperative banks, district central cooperative banks and ₹10,684 crore in the case of UCBs including PMC Bank.

from Banking/Finance-Industry-Economic Times https://ift.tt/2EZ2Pw8