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Deposit Insurance And Credit Guarantee Corporation

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Rajya Sabha loses 40 of 50 working hours during first 2 weeks

 The productivity of the Upper House fell drastically in the ongoing Monsoon Session of the Parliament as the Rajya Sabha Secretariat in an official notification informed that the House lost 40 out......

Govt set to introduce 17 new bills in monsoon session of Parliament

 The much-anticipated cryptocurrency bill, however, is missing from the list, reports Shrimi Choudhary. The government is set to introduce 17 new bills in the monsoon session of Parliament,......

Nirmalaji And Why I Quit The Government

 She said I treated her like a bachchi.At another moment, she said I had gone to various people and 'bitched' about her.She also threatened to bring the entire matter to the PM's notice.A revealing......

PMC scam fallout: Bank deposit insurance cover to be hiked

 At present, bank depositors get an insurance cover of Rs 1 lakh on their amount by the Deposit Insurance and credit Guarantee Corporation. Finance Minister Nirmala Sitharaman on Friday said the......

Bank Deposits: Strong Safety Net Needed

 If a bank shuts down, every account holder it has will get back their money for a maximum limit of Rs 5 lakh.It was Rs 1 lakh before. Illustration: Dominic Xavier/Rediff.com American regulators......

Bank deposits up to Rs 5 lakh will now be insured

 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......

RBI's 90 Year Journey

 Sir Osborne Smith was the first governor of the Reserve Bank, serving from April 1, 1935, to June 30, 1937. IMAGE: Prime Minister Narendra D Modi releases a commemorative coin at the 90th......

Insurance cover for bank deposits hiked to Rs 5 lakh

 The decision assumes significance in the wake of a scam in the PMC Bank affecting lakhs of customers who are facing difficulties in withdrawing their money due to restrictions imposed by the......

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