If the bank sinks, customers will get deposits up to ₹ 5 lakh within 90 days, cabinet approves amendment in DICGC Act
New Delhi, 28/7 (AO Bureau): Like the Punjab and Maharashtra Co-operative Bank (PMC Bank), the Union Cabinet has given big relief to the customers of stressed banks. For this, the cabinet has approved the amendments to be made in the Deposit Insurance and Credit Guarantee Corporation Act, 1961 (DICGC Act). The purpose of this move…
