It also told a bench of Chief Justice D N Patel and Justice Prateek Jalan that the insurance cover of Rs five lakh being provided to each depositor by the Deposit Insurance and Credit Guarantee Corporation (DICGC) -- a wholly owned subsidiary of RBI -- would be applicable only on cancellation of license of the bank which is not the case presently.
from Banking/Finance-Industry-Economic Times
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Friday 14 August 2020
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Withdrawal limit of Rs 1L on PMC bank can't be increased due to lack of liquidity: RBI
Withdrawal limit of Rs 1L on PMC bank can't be increased due to lack of liquidity: RBI
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