Latest News on Bank Depositors
Showing of 0 - 10 from 6 results
Bank Depositors - Total results - 6
Dec 03, 2019
'No information' on raising Rs 1 lakh insured amount limit on bank deposits: RBI-owned subsidiary DICGCThere 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
Nov 15, 2019
Govt mulls raising insurance cover on bank deposits to above Rs 1 lakh: Nirmala SitharamanFinance 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
Oct 11, 2019
Lesson from PMC Bank scam: Forensic, active supervision needed; RBI and govt must work to help whistleblowers, protect depositorsThe 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.
Jan 03, 2018
FRDI Bill: Allaying depositors' fears, Arun Jaitley says govt open to raising deposit insurance cap from Rs 1 lakhThe bill is pending before the joint committee of both Houses and the government is awaiting the recommendations.
Dec 14, 2017
Remove 'bail-in' clause in FRDI Bill as deposits only way of saving money for elderly, pensioners: AssochamAssocham Secretary General D S Rawat says bail-in concept especially for depositors should be completely done away with
Dec 13, 2017
FRDI Bill: An analysis of global experience explains why depositors in India should be indeed worriedIn 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.