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.from Banking/Finance-Industry-Economic Times https://ift.tt/2DZSRh0
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