Bank Liquidation Should Be Handled by IBBI-Certified IPs Under RBI-DICGC Oversight: Study
A study commissioned by the Insolvency and Bankruptcy Board of India (IBBI) has proposed that the liquidation of banks should
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DICGC
Banking News
Public Sector Banks Report Surge in Business Per Employee Public sector banks (PSBs) in India have recorded a notable improvement
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RBI proposes risk-based pricing for deposit cover
RBI has proposed risk-based pricing for bank deposit insurance. The reasoning is that stressed banks could face rapid deposit withdrawals
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DICGC rejects banks’ plea to exempt CDs from insurance cover
The Deposit Insurance and Credit Guarantee Corporation (DICGC) has rejected a request made by banks to exempt certificates of deposit
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DICGC to make payments in October to depositors of 17 Co-op banks facing RBI restrictions
DICGC will be making payments to the eligible depositors of 17 cooperative banks, including eight from Maharashtra, in October. RBI
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Depositors of Lucknow cooperative bank to get money from DICGC on April 27
The Deposit Insurance and Credit Guarantee Corporation (DICGC) will be making payments to the eligible depositors of Lucknow-based Indian Mercantile
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DICGC doles out Rs 3.5K crore to 22 UCBS
As per the RBI Annual Report 21-22, settlement of claims of liquidated urban co-operative banks totaling Rs 1,225 crore and
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DICGC mops up Rs. 9,561 cr premium in first halt of fiscal
The Deposit Insurance and Credit Guarantee Corporation (DICGC), which provides insurance cover to depositors of banks, has collected deposit insurance
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DICGC to pay depositors of 21 banks
Deposit Insurance and Credit Guarantee Corporation (DICGC) has announced that it will pay up to Rs Five lakh to depositors
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Deposit cover payout depends on type of bank account
On liquidation of any bank the depositors are paid from deposit Insurance. “On liquidation, every depositor is entitled to repayment
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