Financial Daily from THE HINDU group of publications
Sunday, May 23, 2004

Cross Currency

Group Sites

Money & Banking - Co-operatives

Charminar Bank gets Rs 123 cr

Our Bureau

HYDERABAD: The Reserve Bank of India has announced that its wholly-owned subsidiary, Deposit Insurance and Credit Guarantee Corporation (DICGC), has released deposit insurance claims of Rs 123.15 crore in favour of depositors of the Hyderabad-based Charminar Co-operative Urban Bank Ltd.

In a press release here, the Urban Banks Division of the apex bank said Charminar Bank had lodged total claims of Rs 146.31 crore for all its eligible depositors.

Stating that Rs 123.15 crore was released in three instalments to Charminar Bank for paying the genuine claims of depositors, the apex bank suggested the depositors whose claims were yet to be settled to approach the urban co-operative bank.

More Stories on : Co-operatives

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Forex reserves up $49 million

ICICI Bank in the black under US GAPP
Andhra Bank to finance LPG connections
Cholamandalam MS posts Rs 97-crore premium
Bajaj Allianz gross premium income up 60%
Union Bank launches Web-based remittance scheme for NRIs in US
SBH has new MD
Charminar Bank gets Rs 123 cr

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line