Dicgc

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Dicgc - Total results - 6
PMC Bank fallout: Cabinet clears amendment to banking laws to strengthen cooperative banks; RBI nod to be made mandatory for appointments
Business

PMC Bank fallout: Cabinet clears amendment to banking laws to strengthen cooperative banks; RBI nod to be made mandatory for appointments

The decision assumes significance in the wake of a scam in the PMC Bank affecting lakhs of customers who are facing difficulties in withdrawing their money due to restrictions imposed by the RBI.

'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

HDFC Bank allays concerns of depositors after ‘stamped’ passbook image goes viral on social media
Business

HDFC Bank allays concerns of depositors after ‘stamped’ passbook image goes viral on social media

After the image started circulating on social media, HDFC Bank spokesperson has clarified that this is part of the mandatory RBI guidelines.

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