Bank Depositors

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Bank Depositors - Total results - 6
'No information' on raising Rs 1 lakh insured amount limit on bank deposits: RBI-owned subsidiary DICGC
Business

'No information' on raising Rs 1 lakh insured amount limit on bank deposits: RBI-owned subsidiary DICGC

There is "no information" on raising the Rs 1 lakh insurance limit on bank deposits, according to the Deposit Insurance and Credit Guarantee Corporation (DICGC), a wholly-owned subsidiary of the Reserve Bank of India

Govt mulls raising insurance cover on bank deposits to above Rs 1 lakh: Nirmala Sitharaman
Business

Govt mulls raising insurance cover on bank deposits to above Rs 1 lakh: Nirmala Sitharaman

Finance Minister Nirmala Sitharman on Friday said the government will bring legislations on raising insurance cover on bank deposits from the current Rs 1 lakh and regulating multi-state cooperative banks

Lesson from PMC Bank scam: Forensic, active supervision needed; RBI and govt must work to help whistleblowers, protect depositors
Business

Lesson from PMC Bank scam: Forensic, active supervision needed; RBI and govt must work to help whistleblowers, protect depositors

The PMC Bank episode compares in scale (with an approximate exposure of Rs 6,500 crore) with the Rs 7,855-crore Satyam Computer Services scandal, which has been dubbed as India's biggest accounting fraud.

FRDI Bill: Allaying depositors' fears, Arun Jaitley says govt open to raising deposit insurance cap from Rs 1 lakh
Business

FRDI Bill: Allaying depositors' fears, Arun Jaitley says govt open to raising deposit insurance cap from Rs 1 lakh

The bill is pending before the joint committee of both Houses and the government is awaiting the recommendations.

Remove 'bail-in' clause in FRDI Bill as deposits only way of saving money for elderly, pensioners: Assocham
Business

Remove 'bail-in' clause in FRDI Bill as deposits only way of saving money for elderly, pensioners: Assocham

Assocham Secretary General D S Rawat says bail-in concept especially for depositors should be completely done away with

FRDI Bill: An analysis of global experience explains why depositors in India should be indeed worried
Business

FRDI Bill: An analysis of global experience explains why depositors in India should be indeed worried

In India, the deposit protection limit is Rs 100,000, roughly one-sixtieth of the value protected in other jurisdictions. The Rs 1 lakh limit was set in 1993, and hasn’t been upgraded since.