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Deposit Insurance Coverage

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BJP May Replace Half Its Lok Sabha MPs

Amit Shah wants to increase the party's nationwide vote share by at least 10 per cent from the 37.7 per cent it secured five years ago and ensure above 50 per cent vote share in the states where it......

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......

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......

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......

Treasury gains help ICICI Bank post 10% rise in Q1 profit

Treasury gains helped ICICI Bank post a nearly 10 per cent increase in the consolidated net profit for the April-June quarter at Rs 11,696 crore on Saturday. Photograph: Francis......

Centre hikes premium for flagship insurance schemes as claims rise

The Centre has increased the premium rates for its flagship insurance schemes, Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY), for the first time......

SC to hear plea for full insurance of all bank deposits

The Supreme Court on Wednesday agreed to an urgent hearing on a plea seeking directions for interim protective measures to insure around 15 lakh people whose money is blocked in the scam-hit PMC......

Doping admission could cost Armstrong millions

Lance Armstrong's admission that he used performance-enhancing drugs during his cycling career could hurt his bank balance as much as his reputation, with one company demanding $12 million from......

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