99% of Laxmi Co-op Bank depositors to get full deposit claim on liquidation: RBI

The bank will cease to carry on banking business from the close of business on September 22, 2022. The bank will also be wound up and a liquidator will be appointed for the bank. Upon liquidation depositors would receive an insurance claim of upto Rs 5 lakh. The data submitted by the bank indicates that upto 99 percent of the depositors will receive the full amount .

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