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Deposit Insurance Credit Guarantee Scheme Of India

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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......

Banks seek cover for guarantee scheme

 Banks want the government to bear the cost of providing cover under the proposed credit guarantee scheme for distressed farmers. Bankers say the guarantee fee of 1.5 per cent stipulated by the......

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......

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......

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......

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