Deposit Insurance-and-credit-guarantee-corporation

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Deposit Insurance-and-credit-guarantee-corporation - Total results - 5
'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 crisis shows depositors are sitting ducks if their bank goes bust; why shouldn’t savers get cover for full amount?
Business

PMC crisis shows depositors are sitting ducks if their bank goes bust; why shouldn’t savers get cover for full amount?

The deposit insurance guarantee scheme was set up in 1961 to ensure depositors are guaranteed at least some amount in the event of a bank collapse

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.