The Reserve Bank cancelled The City Co-operative Bank's licence in Maharashtra for insufficient capital and earning prospects. The bank will be wound up, and a liquidator appointed. Depositors can claim up to Rs 5 lakh from DICGC. 87% of depositors are eligible for full deposit insurance claim.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.