Banks Covered By Deposit Insurance
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India 2nd Only To US In Number Of Banks Covered By Deposit Insurance: RBI
India's Deposit Insurance and Credit Guarantee Corporation (DICGC) has extended coverage to 1,997 banks comprising 140 commercial banks and 1,857 cooperative banks.
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Centre Passes Bill To Provide Support To Depositors Of Stressed Banks
The Bill proposes that even if a bank is temporarily unable to fulfil its obligations due to restrictions such as moratorium, depositors can access their deposits to the extent of the deposit insurance cover through interim payments by the Deposit Insurance and Credit Guarantee Corporation.
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Financial Services Department Approves Raising Deposit Insurance To Rs 5 Lakh
At present, bank depositors get an insurance cover of Rs 1 lakh on their amount by the Deposit Insurance and Credit Guarantee Corporation (DICGC) if a bank fails.
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Budget 2020: Insurance Cover For Bank Depositors To Be Raised To Rs 5 Lakh
Deposit insurance is a protection cover against losses on bank deposits if a bank fails financially and has no money to pay its depositors.
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Budget 2020: Insurance Cover For Bank Depositors To Be Raised To Rs 5 Lakh
According to the RBI rules, in case of a bank failure each of its depositors is insured up to a maximum of Rs 1 lakh for both principal and interest amount.
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Government Considers Raising Insurance Cover On Bank Deposits
The government is considering proposals on raising insurance cover on bank deposits from the current Rs 1 lakh and regulating multi-state cooperative banks, Finance Minister Nirmala Sitharaman said on Friday. The new legislations in this regard will be brought during the winter session of Parliament starting Monday, she added. At present, bank depo...
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Amid PMC Bank Scare, HDFC Bank Clarifies Why It's Stamping Passbooks
In a circular released in June 2017, the RBI had directed all commercial, small and payments banks to "incorporate information about 'deposit insurance cover'.
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India 2nd Only To US In Number Of Banks Covered By Deposit Insurance: RBI
India's Deposit Insurance and Credit Guarantee Corporation (DICGC) has extended coverage to 1,997 banks comprising 140 commercial banks and 1,857 cooperative banks.
-
Centre Passes Bill To Provide Support To Depositors Of Stressed Banks
The Bill proposes that even if a bank is temporarily unable to fulfil its obligations due to restrictions such as moratorium, depositors can access their deposits to the extent of the deposit insurance cover through interim payments by the Deposit Insurance and Credit Guarantee Corporation.
-
Financial Services Department Approves Raising Deposit Insurance To Rs 5 Lakh
At present, bank depositors get an insurance cover of Rs 1 lakh on their amount by the Deposit Insurance and Credit Guarantee Corporation (DICGC) if a bank fails.
-
Budget 2020: Insurance Cover For Bank Depositors To Be Raised To Rs 5 Lakh
Deposit insurance is a protection cover against losses on bank deposits if a bank fails financially and has no money to pay its depositors.
-
Budget 2020: Insurance Cover For Bank Depositors To Be Raised To Rs 5 Lakh
According to the RBI rules, in case of a bank failure each of its depositors is insured up to a maximum of Rs 1 lakh for both principal and interest amount.
-
Government Considers Raising Insurance Cover On Bank Deposits
The government is considering proposals on raising insurance cover on bank deposits from the current Rs 1 lakh and regulating multi-state cooperative banks, Finance Minister Nirmala Sitharaman said on Friday. The new legislations in this regard will be brought during the winter session of Parliament starting Monday, she added. At present, bank depo...
-
Amid PMC Bank Scare, HDFC Bank Clarifies Why It's Stamping Passbooks
In a circular released in June 2017, the RBI had directed all commercial, small and payments banks to "incorporate information about 'deposit insurance cover'.
