Rupee Co-op Bank seeks govt intervention to resolve problems

According to Pandit, although 99% depositors will get a refund of their entire deposits as per the amended Deposit Insurance and Credit Guarantee Corporation (DICGC) Act, high-value depositors with deposits of more than Rs 5 lakh will lose 65% of their deposits if the bank goes into liquidation.

from Banking & Finance – The Financial Express https://ift.tt/3oDvrTX