scorecardresearchRBI cancels licence of Solapur-based Laxmi Co-op Bank; Here's what happens to your money

RBI cancels licence of Solapur-based Laxmi Co-op Bank; Here's what happens to your money

Updated: 22 Sep 2022, 11:16 PM IST
TL;DR.
Solapur-based Laxmi Co-op Bank: As per the data submitted by the cooperative bank, more than 99 per cent of the depositors are entitled to receive full amount of their deposits from Deposit Insurance and Credit Guarantee Corporation (DICGC), the RBI said in a statement.
According to the RBI’s Financial Stability Report of December 2021, lending through P2P platforms made up for a small portion of overall NBFC lending at  <span class='webrupee'>₹</span>2,093 crore

According to the RBI’s Financial Stability Report of December 2021, lending through P2P platforms made up for a small portion of overall NBFC lending at 2,093 crore