DICGC to make payments in October to depositors of 17 co-op banks facing RBI restrictions

The Reserve Bank of India (RBI) had imposed several restrictions, including on withdrawals, by depositors of 17 cooperative banks in July in view of their deteriorating financial positions. Of the 17 cooperative banks, eight are in Maharashtra, four in Uttar Pradesh, two in Karnataka, and one each in New Delhi, Andhra Pradesh and West Bengal.

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