Financial Daily from THE HINDU group of publications
Friday, Dec 10, 2004
Financial Daily from THE HINDU group of publications Friday, Dec 10, 2004 |
|
|
|
|
|
Money & Banking
-
Investor Protection Prudential Bank depositors to get up to Rs 1 lakh Our Bureau
Hyderabad , Dec. 9 THE Reserve Bank of India has announced that the depositors of the Prudential Bank would be paid for amounts of up to Rs 1 lakh from the Deposit Insurance and Credit Guarantee Corporation (DICGC). In a press release here on Thursday, the RBI Manager, Mr P.V. Sadanandan, said the apex bank has cancelled the licence of Prudential Bank and the State Government has appointed a liquidator. "This enables all the depositors of Prudential Cooperative Bank to get their claims up to Rs 1 lakh from the DICGC," the RBI official said. Further, the depositors were advised to approach the RBI Chief General Manager here, Dr Deepali Pant Joshi, for clarifications, if any, on 040-23234875 or 098490-22318.
More Stories on : Investor Protection | Co-operatives | RBI & Other Central Banks
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
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
|