Which banks are insured by the deposit insurance and credit guarantee corporation (dicgc?
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Hey mate here is your answer...
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Deposit Insurance and Credit Guarantee Corporation (DICGC) is a subsidiary of Reserve Bank of India. It was established on 15 July 1978 under Deposit Insurance and Credit Guarantee Corporation Act, 1961 for the purpose of providing insuranceof deposits and guaranteeing of creditfacilities....
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Deposit Insurance and Credit Guarantee Corporation (DICGC) is a subsidiary of Reserve Bank of India. It was established on 15 July 1978 under Deposit Insurance and Credit Guarantee Corporation Act, 1961 for the purpose of providing insuranceof deposits and guaranteeing of creditfacilities....
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Answer:
Explanation:
All commercial banks including branches of foreign banks functioning in India, local area banks and regional rural banks are insured by the DICGC.
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