The Deposit Insurance and Credit Guarantee Corporation (DICGC) settled claims of Rs 8,516.6 crore in the last financial year and the bulk of them was from customers of the Punjab and Maharashtra Co-operative (PMC) Bank, the Reserve Bank said on Tuesday.
An amount of Rs 3,791.6 crore was provided to Unity Small Finance Bank for making payment to the depositors of the erstwhile PMC Bank, the Reserve Bank of India (RBI) said in Trends and Progress in Banking Report for FY22.
The total settlement amount includes claims settled with respect to 22 urban cooperative banks under the ‘All-Inclusive Directions (AID)’ amounting to Rs 3,457.4 crore, the report said. Main claims and supplementary claims in respect of 15 UCBs amounting to Rs 1,225 crore were also settled.
