Deposit Insurance

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Deposit Insurance - Total results - 7
'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

PMC Bank scam: RBI employees unions want govt to hike deposit insurance cover to Rs 10 lakh
Business

PMC Bank scam: RBI employees unions want govt to hike deposit insurance cover to Rs 10 lakh

The Reserve Bank employees unions on Tuesday urged the government to hike the insurance cover on bank deposits from the present Rs 1 lakh to Rs 10 lakh

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

PMC Bank scam: Time to massively increase deposit insurance limit from present Rs 1 lakh, says SBI research report
Business

PMC Bank scam: Time to massively increase deposit insurance limit from present Rs 1 lakh, says SBI research report

The Punjab & Maharashtra Cooperative Bank (PMC) scam points to the urgent need to massively increase the depositor insurance cover from the present Rs 1 lakh, says a report

Govt withdraws FRDI Bill in Lok Sabha: Framework for resolution of distressed financial firms fails to go through
Business

Govt withdraws FRDI Bill in Lok Sabha: Framework for resolution of distressed financial firms fails to go through

the government has decided to withdraw FRDI Bill following apprehensions expressed by public with regard to the 'bail-in' clause to resolve a failing bank and insurance cover on bank deposits, Finance Minister Piyush Goyal told a parliamentary committee.

FRDI Bill: Deposit holders have always faced a certain level of risk, but that is how banking system works
Business

FRDI Bill: Deposit holders have always faced a certain level of risk, but that is how banking system works

Only logical way to assess issue of deposits is to see if depositors are going to be worse off with FRDI Bill in picture.