Home Business Withdrawal limit of Rs 1L on PMC bank can’t be increased due to lack of liquidity: RBI

Withdrawal limit of Rs 1L on PMC bank can’t be increased due to lack of liquidity: RBI

by Economic Times
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It also told a bench of Chief Justice D N Patel and Justice Prateek Jalan that the insurance cover of Rs five lakh being provided to each depositor by the Deposit Insurance and Credit Guarantee Corporation (DICGC) — a wholly owned subsidiary of RBI — would be applicable only on cancellation of license of the bank which is not the case presently.

This Withdrawal limit of Rs 1L on PMC bank can't be increased due to lack of liquidity: RBI was originally published on https://economictimes.indiatimes.com/industry/banking/finance/banking/withdrawal-limit-of-rs-1l-on-pmc-bank-cant-be-increased-due-to-lack-of-liquidity-rbi/articleshow/77550316.cms

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