PMC Resolution: Large depositors can expect faster payout

According to the draft scheme, the first pay-out for retail depositors above Rs 5 lakh will start from year one, faster than the second year pay out as per the draft scheme. Instititutional depositors can also expect a preference shares alloted to them in case recoveries from the major fraud account of HDIL Group exceed the principal.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/34gyybW
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