Maharashtra explores private insurance for Co-op Depositors
Maharashtra’s Department of Cooperation is planning a scheme to insure deposits in cooperative credit societies through private insurance companies, with ...
Tag: DICGC
DICGC Act: Depositors move Bombay High Court
A group representing depositors of failed co-operative banks across India has filed a Public Interest Litigation (PIL) before the Bombay ...
DICGC settles Rs 476 Cr claims, Protects millions of co-op depositors
The Deposit Insurance and Credit Guarantee Corporation (DICGC) on Friday released its Annual Report for 2024-25 on its portal, underlining ...
DICGC deregisters 15 Co-op Banks in 2024-25
India’s cooperative banking sector continues to face pressure, with the Deposit Insurance and Credit Guarantee Corporation (DICGC) reporting 17 deregistration ...
DICGC to compensate depositors of three Co-op Banks upto Rs 5 lakh
Following the Reserve Bank of India's imposition of restrictions on three cooperative banks, Irinjalakuda Town Cooperative Bank (Kerala), Lokapavani Mahila ...
Karnataka based Karwar Urban Co-op Bank loses license
The Reserve Bank of India (RBI) has cancelled the banking licence of Karnataka based Karwar Urban Co-operative Bank. Following the ...
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), ...
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 ...
