RBI imposes severe restrictions on three Co-op Banks
The Reserve Bank of India (RBI) has imposed severe restrictions on three cooperative banks, Innovative Cooperative Urban Bank Ltd. (Delhi), ...
Tag: DICGC
Yashwant Co-op Bank: DICGC begins payment process
The Deposit Insurance and Credit Guarantee Corporation (DICGC) has announced that it will make payments to the eligible depositors of ...
NICB: DICGC extends payment deadline to August 12
The Deposit Insurance and Credit Guarantee Corporation (DICGC) has extended the timeline for making payments to eligible depositors of New ...
Imperial Urban Bank’s licence cancelled; Liquidation ordered
The Reserve Bank of India (RBI) has cancelled the banking licence of Imperial Urban Co-operative Bank Ltd., Jalandhar. As a ...
Ajantha Urban Co-op Bank loses Licence over Norm Breach, Fund Shortfall
The Reserve Bank of India (RBI) has cancelled the banking licence of Ajantha Urban Co-operative Bank Maryadit, Aurangabad. The decision ...
RBI cancels 58 Co-op Bank Licenses since 2020, fines Five on Monday
In a written reply to the Lok Sabha on Monday, Union Minister of State for Finance Pankaj Chaudhary revealed that ...
MP questions Rs 50 Lac Insurance Limit; FM cites DICGC authority
In response to a query raised by a Lok Sabha MP regarding the increase of the deposit insurance limit from ...
RBI cancels license of Vaishali Saha Vikas Co-op Bank; penalizes four
The Reserve Bank of India imposed monetary penalties on four cooperative banks for various grounds and cancelled the license of ...
Co-op Banks see lower penalty amounts despite more cases in FY 24
In its report, the Reserve Bank of India (RBI) revealed that the total penalty amount imposed on banks more than ...
RBI cancels License of 95 year old Durga Co-op Urban Bank
The Reserve Bank of India has cancelled the license of Andhra Pradesh-based Durga Cooperative Urban Bank, which has been operating ...
Shree Mahalaxmi Urban Co-op Credit Bank in trouble
In a significant move, the Reserve Bank of India (RBI) has imposed restrictions on Shree Mahalaxmi Urban Co-operative Credit Bank ...
DICGC settles Rs 1,436.92 cr in Claims for Co-op Banks in FY 2023-24
The Deposit Insurance and Credit Guarantee Corporation (DICGC) released its 62nd Annual Report on Wednesday, highlighting that it settled claims ...
DICGC protects 97.8% of deposit accounts: Dy Guv
As on March 31, 2024 interim payments were made to 376,661 depositors amounting to Rs 5359 Crores. The DICGC’s coverage ...
RBI cancels licence of AP based Uravakonda Co-op Town Bank
The Reserve Bank of India RBI has cancelled the licence of Andhra Pradesh based Uravakonda Co-operative Town Bank. And, as ...
Two UCBs lose licenses, including Banaras Mercantile Co-op Bank
The Reserve Bank of India (RBI) has cancelled the licenses of two urban cooperative banks, "Banaras Merchantile Co-operative Bank Limited" ...
