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DICGC News

Punjab & Maharashtra Co-operative Bank

03 Dec 2021

PMC Bank fraud case: SC refuses to entertain bail plea of Rakesh Wadhawan

A bench comprising Chief Justice N V Ramana and Justices Surya Kant and Hima Kohli permitted senior advocate Mukul Rohatgi, appearing for Wadhawan, to withdraw the bail plea to approach the high court.

28 Nov 2021

Depositors of 16 stressed banks to get up to Rs 5 lakh on Monday

Reserve Bank of India's subsidiary DICGC will issue the money. DICGC had earlier prepared a list of 21 banks but five, including Punjab & Maharashtra Co-Operative Bank (PMC Bank), are out of the list. Parliament in August passed the Deposit Insurance and Credit Guarantee Corporation (Amendment) Bill, 2021.

Punjab & Maharashtra Co-operative Bank

31 Oct 2021

PMC Bank Customers, Alert! You won’t get Rs 5 lakh deposit cover in first lot

PMC is currently under the resolution process. In the first lot, customers of 20 stressed banks will receive the secured amount. PMC customers will have to wait a little more to receive the compensation.

12 Sep 2015

Reserve Bank of India to increase insurance cover on deposits

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