RBI's deposit insurance arm to pay depositors of two co-operative banks in August

Eligible depositors of Shankarrao Pujari Nutan Sahakari Bank will get the payment on August 10, and those of Harihareshwar Sahakari Bank on August 28, according to a DICGC circular.The Reserve Bank of India (RBI) had imposed several restrictions, including on withdrawals by depositors, on these two banks in May in the wake of their deteriorating financial positions.

from Banking/Finance-Industry-Economic Times https://ift.tt/cBd8EVO