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The Deposit Insurance and Credit Guarantee Corp., a wholly owned subsidiary of the Reserve Bank of India, settled calims worth INR 4.76 billion for 43 urban co-operative banks, the RBI said in its annual report for 2024-25 (Apr-Mar) released Thursday. The corporation's Deposit Insurance Fund stood at INR 2.289 trillion as of Mar. 31, up 15.2% on year, the RBI said.
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