Deccan Urban Co-operative Bank: RBI cancels licence; Here's why
Updated: 19 Aug 2022, 08:07 AM IST
TL;DR.As per the data submitted by the bank, more than 99 per cent of the depositors are entitled to receive the full amount of their deposits from Deposit Insurance and Credit Guarantee Corporation (DICGC), the central bank said in a release.
FILE PHOTO: A security guard at the Reserve Bank of India (RBI) headquarters in Mumbai, India, August 5, 2022. REUTERS/Francis Mascarenhas/File Photo