About 98.4 per cent of the depositors of the co-operative bank are entitled to receive full amount of their deposits from Deposit Insurance and Credit Guarantee Corporation (DICGC), the RBI said in a statement. Consequent to the cancellation of its licence, the bank is prohibited from conducting various activities, including acceptance of deposits and repayment of deposits with immediate effect.source https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-cancels-licence-of-mp-based-garha-co-operative-bank/articleshow/98097278.cms
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