RBI cancels licence of Madgaum Urban Co-operative Bank Ltd, Margao
The RBI further said that as per the data submitted by the bank, about 99 per cent of the depositors will receive full amounts of their deposits from the Deposit Insurance and Credit Guarantee Corporation (DICGC).
IndusInd Bank will take provisions upfront rather than deferring: Sumant Kathpalia, MD & CEO"I believe that our provision PPOP margins are such that we can take any provisions right now. I do not believe that the third wave will be as vigorous as we what we saw in the Covid-2 or Covid-1."
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