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Rule to protect depositors fund in banks gets Cabinet approval- The New Indian Express

Rule to protect depositors’ fund in banks gets Cabinet approval “This will be the biggest relief we can offer those small depositors and nearly covering 98.3% depositors,” Sitharaman said in a press conference post the cabinet meeting. Share Via Email   |  A+A A- Union Finance Minister Nirmala Sitharaman addresses a press conference on Cabinet decisions, in New Delhi on Wednesday | Shekhar Yadav By Express News Service NEW DELHI:  A move which will protect depositors of troubled bank, Union Cabinet on Wednesday approved changes to the Deposit Insurance and Credit Guarantee Corporation (DICGC) Act, which will allow depositors to withdraw up to Rs 5 lakh in 90 days, even if the bank goes under moratorium.

Cabinet clears amendment to LLP Act to decriminalise various provisions

Cabinet clears amendment to LLP Act to decriminalise various provisions
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

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