DICGC settles claims of Rs 8,516.6 crore; bulk from PMC

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.

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