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Which of these banks is insured by the DICGC?
ARegional rating bank
BRegional rural bank
CRegional retail bank
DRegional resale bank
Answer & Solution
Correct answer: B. Regional rural bank
1. All commercial banks are insured, including foreign branches.
2. Local area banks are insured as well.
3. Regional rural banks are on the list too.
_Source: Deposit Insurance and Credit Guarantee Corporation, Guide to Deposit Insurance and depositor FAQs_
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