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The Times of India

Business

PTI

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

RBI Insurance DICGC Corporation Mumbai

MUMBAI: The deposit insurance and credit guarantee corporation (DICGC) will pay the eligible depositors of Shankarrao Pujari Nutan Sahakari Bank, Ichalkaranji, and Harihareshwar Sahakari Bank, Wai next month.

DICGC, a wholly-owned subsidiary of the RBI, provides an insurance cover of up to Rs 5 lakh on bank deposits.

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