DICGC settled claims of Rs 8,516.6 crore in the last financial year and bulk of them were from customers of the Punjab and Maharashtra Co-operative (PMC) Bank, PTI reports quoting RBI’s report.
An amount of Rs 3,791.6 crore was provided to Unity Small Finance Bank for making payment to the depositors of the erstwhile PMC Bank,the RBI report for the 2022 financial claimed.
The total settlement amount includes claims settled with respect to 22 urban cooperative banks under the ‘All Inclusive Directions (AID)’ amounting to Rs 3,457.4 crore. according to the report.
The report further said that main claims and supplementary claims in respect of 15 UCBs amounting to Rs 1,225 crore were also settled.
Why GOI doesn’t shut down Co:op banks which mainly corruption prone.
Also
Word ” BANK” Is misleading, remove this word from names of these so called fraud centers.
Nothing but white washing a criminal connivance of RBI with the Fraudsters in the PMC Bank scam Why is the govt. or RBI not declaring the percentage of amount disbursed? Why is the percentage always showcased of no. of depositors paid?
Example if 10% of depositors held 80% of deposits are they not eligible for compensation of their own money? Are they not eligible for justice? How long will legal tentacles of jargon be used to brush matters under the carpet?
This is a deliberately genocide of PMC Bank depositors. RBI and the govt. are responsible for the killing of depositors with no access to their own money including few suicides.