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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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RBI Cautions Co-operative Societies Against Using Term "Bank"
RBI has cautioned people against co-operative societies which are using the word "bank" in their titles and accepting deposits from non-members
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Centres Introduces Bill To Provide Support To Depositors Of Stressed Banks
The government introduced the Deposit Insurance and Credit Guarantee Corporation (Amendment) Bill in the Rajya Sabha, which aims to provide timely support to depositors of stressed banks.
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Customers To Get Rs 5 Lakh Insurance On Bank Deposits Within 90 Days Of Moratorium
Bank depositors will get an insurance of Rs 5 lakh on their deposits within 90 days in case of moratorium, the government announced today
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Citing "Unsustainable" Finances, RBI Cancels CKP Co-Operative Bank Licence
The central bank also requested the Registrar of Co-Operative Societies to "wind up the affairs" of the bank and appoint a liquidator
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Hike In Deposit Insurance Won't Hit Bank Balance Sheets: RBI
Following the failure of a number of cooperative banks, with the city-based PMC Bank being the latest and largest last year, the budget had permitted the Deposit Insurance and Credit Guarantee Corporation (DICGC) to raise deposit insurance coverage to Rs 5 lakh from Rs 1 lakh.
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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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SEBI, IRDA, PFRDA, FMC be merged into single agency: Panel
The Financial Sector Legislative Reforms Commission, headed by former justice B N Srikrishna, has also suggested setting up of a financial redressal agency (FRA) to address consumer complaints against companies across the financial sector.
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RBI to joint a/c holders: Claim deposit insurance by Mar 2013
Holders of two joint accounts in cooperative banks that failed before April 26, 2007 have been given time till the end of this financial year to claim deposit insurance.
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Govt asks RBI, banks to adopt risk management before rising insurance cover
The government has asked the Reserve Bank and Deposit Insurance and Credit Guarantee Corporation (DICGC) to adopt risk management system before doubling the insurance cover for bank deposits to Rs 2 lakh.
-
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.
-
RBI Cautions Co-operative Societies Against Using Term "Bank"
RBI has cautioned people against co-operative societies which are using the word "bank" in their titles and accepting deposits from non-members
-
Centres Introduces Bill To Provide Support To Depositors Of Stressed Banks
The government introduced the Deposit Insurance and Credit Guarantee Corporation (Amendment) Bill in the Rajya Sabha, which aims to provide timely support to depositors of stressed banks.
-
Customers To Get Rs 5 Lakh Insurance On Bank Deposits Within 90 Days Of Moratorium
Bank depositors will get an insurance of Rs 5 lakh on their deposits within 90 days in case of moratorium, the government announced today
-
Citing "Unsustainable" Finances, RBI Cancels CKP Co-Operative Bank Licence
The central bank also requested the Registrar of Co-Operative Societies to "wind up the affairs" of the bank and appoint a liquidator
-
Hike In Deposit Insurance Won't Hit Bank Balance Sheets: RBI
Following the failure of a number of cooperative banks, with the city-based PMC Bank being the latest and largest last year, the budget had permitted the Deposit Insurance and Credit Guarantee Corporation (DICGC) to raise deposit insurance coverage to Rs 5 lakh from Rs 1 lakh.
-
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.
-
SEBI, IRDA, PFRDA, FMC be merged into single agency: Panel
The Financial Sector Legislative Reforms Commission, headed by former justice B N Srikrishna, has also suggested setting up of a financial redressal agency (FRA) to address consumer complaints against companies across the financial sector.
-
RBI to joint a/c holders: Claim deposit insurance by Mar 2013
Holders of two joint accounts in cooperative banks that failed before April 26, 2007 have been given time till the end of this financial year to claim deposit insurance.
-
Govt asks RBI, banks to adopt risk management before rising insurance cover
The government has asked the Reserve Bank and Deposit Insurance and Credit Guarantee Corporation (DICGC) to adopt risk management system before doubling the insurance cover for bank deposits to Rs 2 lakh.
