Stressed PMC Bank customers not to get Rs 5 lakh deposit cover in first lot | Details inside

Customers of stressed Punjab & Maharashtra Co-Operative Bank (PMC Bank) will not get up to Rs 5 lakh insurance cover in the first lot as the multi-state co-operative bank is under the resolution process. Deposit Insurance and Credit Guarantee Corporation (DICGC) in the first lot will pay customers of 20 stressed banks except PMC Bank. For the first lot, the mandatory 90 days period concludes on November 30.

from IndiaTV Business: Google News Feed https://ift.tt/3bo40Wi