 "PMC BANK")
The beleaguered Punjab and Maharashtra Cooperative Bank (PMC) Bank depositors have a reason to cheer ahead of Gudi Padva as Unity Small Finance Bank has paid Rs 3,791.55 crore to around 847,606 depositors after Deposit Insurance and Credit Guarantee Corporation (DICGC) settled the amount as per the list furnished by the bank.
According to the plan approved by the Union government, Unity Small Finance Bank was supposed to pay the insured deposit amount up to Rs 5 lakh received from the DICGC immediately. And, the bank will have 20 years to repay DICGC.
DICGC in a statement on Thursday said, “Pursuant to
