https://www.taxtmi.com/article/detailed?id=10097 The draft amalgamation scheme merges a failed cooperative bank into a transferee small finance bank using DICGC funds as an advance to pay insured depositors through the transferee, while uninsured or excess amounts are deferred, staggered for retail depositors, or converted for institutional holders into hybrid securities; the scheme contains broad immunities for the State and final interpretation powers for the regulator, and raises concerns about definitions, interest entitlement, claim verification, priority of Long Term Deposits, and administrative implementation. en-us Sat, 04 Dec 2021 12:18:05 +0530 Sat, 04 Dec 2021 12:18:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10097 The draft amalgamation scheme merges a failed cooperative bank into a transferee small finance bank using DICGC funds as an advance to pay insured depositors through the transferee, while uninsured or excess amounts are deferred, staggered for retail depositors, or converted for institutional holders into hybrid securities; the scheme contains broad immunities for the State and final interpretation powers for the regulator, and raises concerns about definitions, interest entitlement, claim verification, priority of Long Term Deposits, and administrative implementation. Articles Other Topics Sat, 04 Dec 2021 12:18:05 +0530 https://www.taxtmi.com/article/detailed?id=10097