Good news likely for depositors in stressed banks like PMC today. Details here

Depositors in stressed banks that have faced regulatory action may get some relief today as the Union Cabinet is likely to clear amendments to the Deposit Insurance and Credit Guarantee Corporation (DICGC) Act.

Depositors in stressed banks are likely to get some relief as the Union Cabinet is likely to clear amendments to the Deposit Insurance and Credit Guarantee Corporation (DICGC) Act. Sources said the move is aimed at minimising hurdles faced by depositors of stressed banks like the Punjab and Maharashtra Co-operative (PMC) Bank, Yes Bank and Lakshmi Vilas Bank.