RBI orders closure of Yashwant Cooperative Bank, depositors covered 5L
NewsBytes | May 19, 2026 10:39 PM CST
RBI seeks liquidation, DICGC paid 106cr
RBI has asked state officials to start liquidation proceedings and appoint a liquidator.
The DICGC has already paid out over ₹106 crore to eligible depositors as of April 20, and RBI promises everyone who qualifies will get their dues.
Keeping the bank open just wasn't safe for customers, so this move aims to protect people's savings as much as possible.
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