Hearing a PIL petition demanding clear cut guidelines on safeguarding money deposited in cooperative banks in the country, the Delhi High Court recently sent notices to the Central government and the Reserve Bank of India, reports The Hindu.
The petition has been filed in the aftermath of the Punjab & Maharashtra Cooperative (PMC) Bank scam.
The court has asked the authorities to respond latest by 22 January 2020.
Among other things, the petition asks a 100 percent insurance coverage for the money deposited in cooperative banks.