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Deposit Insurance And Credit Guarantee Corporation Dicgc
Business  /  Published 23.09.21

Payout promise to PMC depositors

Depositors of PMC Bank and 20 other stressed lenders will get up to Rs 5 lakh in the form of deposit insurance from the DICGC. This comes after Parliament passed the Deposit Insurance and Credit Guar...
By Our Special Correspondent in Mumbai

Business  /  Published 02.08.21

Safety net

Last week, the Union cabinet decided to extend the benefits of deposit insurance to banks under moratorium, which would bring some relief to customers whose funds are stuck with banks that are financi...
By Adhil Shetty

Business  /  Published 30.07.21

Govt: Bill to support to depositors of stressed banks

The government on Friday 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. M...
By Our Bureau, PTI in New Delhi

Business  /  Published 30.07.21

Another co-op bank goes bust

The Reserve Bank of India (RBI) on Thursday cancelled the licence of Goa-based The Madgaum Urban Co-operative Bank Ltd with immediate effect. The RBI said the bank did not have adequate capital and e...
By Our Special Correspondent in Mumbai

Business  /  Published 28.07.21

Deposit insurance bill cleared

The Union Cabinet on Wednesday approved amendment to the DICGC Act to provide account holders access to up to Rs 5 lakh funds within 90 days of a bank coming under moratorium to ensure timely support ...
By Our Bureau, PTI in New Delhi

Business  /  Published 17.11.19

A few ways to reduce banking risks

The recent crisis at a cooperative bank reminds us yet again that there’s no such thing as risk-free banking. The money you consider safely deposited in your local bank is subject to various risks. ...
By Adhil Shetty

Business  /  Published 01.02.20

Deposit cover increased

The Union budget has proposed to raise the bank deposit insurance limit by five times to Rs 5 lakh, providing relief to depositors who have been rattled by the recent crisis in a cooperative bank.“T...
By Our Special Correspondent in Mumbai

Business  /  Published 02.05.20

CKP Co-operative Bank in trouble

The RBI on Saturday cancelled the licence of CKP Co-operative Bank, Mumbai.In a late evening announcement, the regulator said CKP Co-operative Bank cannot carry on banking business with effect from th...
By Our Special Correspondent in Mumbai


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