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RBI's deposit insurance arm to pay depositors of two co-operative banks in August

Depositors of the two Maharashtra-based banks will get the amount credited to the alternate bank account specified by them, or on their consent, to their Aadhaar-linked bank accounts.

Maharashtra , India , Ichalkaranji , Shankarrao-pujari-nutan-sahakari-bank , Harihareshwar-sahakari-bank-on , Credit-guarantee-corporation-amendment , Harihareshwar-sahakari-bank , Credit-guarantee-corporation , Deposit-insurance , Guarantee-corporation , Reserve-bank

DICGC to make payments to depositors of Lucknow cooperative bank on Apr 27

DICGC, a wholly-owned subsidiary of the RBI, provides an insurance cover of up to Rs 5 lakh on bank deposits.

India , Indian-mercantile-cooperative-bank-on , Karnala-nagri-sahakari-bank , Madgaum-urban-bank , Land-development-banks , Credit-guarantee-corporation-amendment , Depositors-of-dwarakadas-mantri-nagari-sahakari-bank , Karad-janata-sahakari-bank , Credit-guarantee-corporation , Deposit-insurance , Guarantee-corporation

DICGC To Make Payments To Depositors Of Lucknow Cooperative Bank On Apr 27

DICGC is liable to pay the insured deposit amount to depositors of an insured bank. Such liability may arise when an insured bank undergoes liquidation, reconstruction or any other arrangement under a scheme, and merger or acquisition by another bank
, , DICGC

India , Indian-mercantile-cooperative-bank-on , Karnala-nagri-sahakari-bank , Madgaum-urban-bank , Land-development-banks , Credit-guarantee-corporation-amendment , Depositors-of-dwarakadas-mantri-nagari-sahakari-bank , Karad-janata-sahakari-bank , Credit-guarantee-corporation , Deposit-insurance , Guarantee-corporation

Govt infused capital of Rs 2,86,043 cr in PSBs during last five years: MoS Finance

Govt infused capital of Rs 2,86,043 cr in PSBs during last five years: MoS Finance

India , Rajya-sabha , Bhagwatk-karad , Insurance-corporation-of-india , Credit-guarantee-corporation-amendment , Reserve-bank , Risk-weighted-assets-ratio , Finance-bhagwatk-karad , General-insurance-corporation , Deposit-insurance , Guarantee-corporation , Banking-regulation-act

Economic Survey 2022: Over Rs 1,500 crore paid by DICGC to 1.2 lakh depositors of defaulting banks

The deposit insurance coverage that began with Rs 1,500 in 1961, was raised gradually to Rs 1 lakh in 1993.

India , New-delhi , Delhi , Parliament-on , Credit-guarantee-corporation-amendment , Credit-guarantee-corporation , Deposit-insurance , Guarantee-corporation , Economic-survey , Also-read , Economic-survey-2022

Economic Shock of COVID Pandemic Weathered Well By Commercial Banking System: Economic Survey

“The economic shock of the pandemic has been weathered well by the commercial banking system so far, even if some lagged impact is still in the pipeline”, says the Economic Survey 2021-22.

India , Singapore , Bhutan , Nirmala-sitaraman , Mutual-fund-activities , United-kingdom-sinha-committee , Credit-guarantee-corporation-amendment , Monetary-authority-of-singapore , Economic-survey , Personal-loans-improved , Reserve-bank , Commercial-banks

Safe deposits

India’s cooperative banks have become synonymous with financial irregularities. Urban cooperative banks reported 323 cases of frauds in the financial year 2020-21, down from 568 in 2019-20 and 1

India , Narendra-modi , Shaktikanta-das , Maharashtra-cooperative-bank , Credit-guarantee-corporation-amendment , Deposit-insurance , Guarantee-corporation , Minister-narendra-modi ,

Deposit insurance reforms to instil confidence among people: PM - Jammu Kashmir Latest News | Tourism

NEW DELHI, Dec 12: Prime Minister Narendra Modi today said deposit insurance reforms undertaken by the Government will instil confidence in account holders on the banking system. Parliament in August passed the Deposit Insurance and Credit Guarantee Corporation (Amendment) Bill, 2021, ensuring that account holders get up to Rs 5 lakh within 90 days of the RBI imposing a moratorium on the banks. This was done keeping the ‘Depositors First’ spirit in mind, Modi said while announcing that over 1 […]

Narendra-modi , Vigyan-bhawan , Union-territories , Credit-guarantee-corporation-amendment , Prime-minister-narendra-modi , Guaranteed-time-bound-deposit-insurance-payment , New-delhi , Minister-narendra-modi , Deposit-insurance , Guarantee-corporation , Depositors-first- , Prime-minister

Depositor safety our focus: Modi

Deposit insurance reforms undertaken by the government will instil confidence in account holders on the banking system

India , New-delhi , Delhi , Credit-guarantee-corporation-amendment , Credit-guarantee-corporation , Prime-minister-narendra-modi , Deposit-insurance , Guarantee-corporation , Depositors-first- , Cooperative-banks , Depositors-first

Depositor safety our focus: Modi

Deposit insurance reforms undertaken by the government will instil confidence in account holders on the banking system

India , New-delhi , Delhi , Credit-guarantee-corporation-amendment , Credit-guarantee-corporation , Prime-minister-narendra-modi , Deposit-insurance , Guarantee-corporation , Depositors-first- , Cooperative-banks , Depositors-first