https://www.taxtmi.com/news?id=26011 Amendments require DICGC to make interim payments of insured deposits up to five lakh within the statutory settlement period after imposition of All Inclusive Directions; banks under AID must furnish a verified depositor list showing net outstanding deposits within the prescribed furnishing period, and DICGC must settle claims within the statutory timeline. DICGC implemented this regime by settling claims for over three lakh depositors of thirty-five banks between 1 September 2021 and 30 November 2022, with attendant recoveries and some banks entering liquidation after payments. en-us Mon, 12 Dec 2022 18:53:47 +0530 Mon, 12 Dec 2022 18:53:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=26011 Amendments require DICGC to make interim payments of insured deposits up to five lakh within the statutory settlement period after imposition of All Inclusive Directions; banks under AID must furnish a verified depositor list showing net outstanding deposits within the prescribed furnishing period, and DICGC must settle claims within the statutory timeline. DICGC implemented this regime by settling claims for over three lakh depositors of thirty-five banks between 1 September 2021 and 30 November 2022, with attendant recoveries and some banks entering liquidation after payments. News - Mon, 12 Dec 2022 18:53:47 +0530 https://www.taxtmi.com/news?id=26011