Deposit Slip Bank Of Maharashtra Is Deposit Slip Bank Of Maharashtra Still Relevant?

About 99.2% of the 132170 depositors of CKP Accommodating Coffer will get their abounding deposits aback as they are covered beneath the drop allowance scheme, Reserve Coffer of India said on Sunday.



The bank’s authorization was annulled by the RBI. It requested the agent of accommodating societies (RCS) for the defalcation process.

“CKP Co-op Coffer Ltd., Mumbai has been beneath All Inclusive Directions of @RBI aback 2014. As there was no ambit for awakening of the bank, its licence has been cancelled. Out of 132170 depositors of the bank, about 99.2% will get abounding acquittal of their deposits from DICGC,” a RBI agent said in a amusing media post.



RBI has requested the Agent of Co-operative Societies, Pune, Maharashtra, to affair an adjustment for ambagious up the diplomacy of the CKP Accommodating Coffer and accredit a apache for the bank.

Now RCS will accredit a apache for starting the action of giving aback the deposits in appointment with Drop Allowance and Credit Guarantee Corporation (DICGC). The drop allowance awning was added to ₹5 lakh from ₹1 lakh beforehand this year. The coffer has a drop abject of ₹485.56 crore, as on November 2019.



RBI said CKP, which has 8 branches advance beyond Mumbai and Thane districts, did not amuse the claim of minimum basic and affluence and was not in a position to pay its present and approaching depositors.

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