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'How Will I Survive Without My Monthly Withdrawals?'

'I don't know when I will be able to access those funds.' IMAGE: Account holders at the New India Co-operative Bank's Versova branch, north west Mumbai. Photograph: Sahil Salvi   The Reserve......

Bank Deposits: Govt Plans To Increase Insurance

Currently, deposits of up to Rs 5 lakh are covered under the deposit-insurance scheme. IMAGE: A rush of account holders at the New India Co-operative Bank's Versova branch, north west Mumbai,......

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......

Light at the end of the tunnel for PMC depositors?

'The money is readily available to the depositors.' Photograph: ANI Photo Unity Small Finance Bank, a 51:49 joint venture between the Centrum Group and Bharat Pe, which took over the beleaguered......

PMC Bank customers not to get Rs 5 lakh deposit cover in first lot

Customers of stressed Punjab & Maharashtra Co-Operative Bank (PMC Bank) will not get up to Rs 5 lakh insurance cover in the first lot as the multi-state co-operative bank is under the resolution......

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