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Safe Deposits

The RBI, the extended arm of the government, which licenses the banks, has full responsibility to ensure full protection to bank deposits. The government therefore needs to regulate fully and protect all deposits in all banks because the deposits belong to the depositing public no matter whether the bank is privately owned, governmentowned, or a cooperative ....

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DICGC settled claims of depositors of 35 co-op banks: Minister

Deposit Insurance and Credit Guarantee Corporation (DICGC) has settled deposit insurance claims of ....

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DICGC settles claims worth Rs 3,457.4 crore

Indian Express quotes RBI saying cooperative banks contributed just shy of a 7 percent during the fiscal FY 22 to the collection of deposit insurance premium of DICGC that ....

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