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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......

RBI scheme: PMC depositors to be paid over a period of 3-10 years

Inching closer to resolving the Punjab and Maharashtra Cooperative (PMC) Bank issue, the Reserve Bank on Monday came out with a draft scheme for takeover of the crisis-hit bank by the Delhi-based......

Depositors of 21 stressed co-op banks to get Rs 5 lakh by Nov

The banks are required to submit a claim list by October 15. Illustration: Uttam Ghosh/Rediff.com The Deposit Insurance and Credit Guarantee Corporation (DICGC) will pay the depositors of 21......

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Dicgc

News for Dicgc

Bank Deposits: Strong Safety Net Needed

Light at the end of the tunnel for PMC depositors?

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

RBI scheme: PMC depositors to be paid over a period of 3-10 years

Depositors of 21 stressed co-op banks to get Rs 5 lakh by Nov

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