Search For "deposit insurance"
Unrestricted access given to subsidiaries to cash held at crisis-hit SVB:
Updated : 3 years ago IST
Listed mobile gaming company Nazara Technologies on Wednesday said two of its step-down subsidiaries Kiddopia Inc and Mediawrkz Inc have been given unrestricted access to the entire amount of Rs 64 crore that was held at failed Silicon Valley Bank.
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President Biden says American banking system remains safe following collap
Updated : 3 years ago IST
"Small businesses across the country that had accounts at Silicon Valley Bank and Signature Bank can breathe easier knowing they'll be able to pay their workers. It won't cost taxpayers a dime. This is paid for with the fees that banks pay into Deposit Insurance Fund," said Biden.
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Savings of depositors safe, says US after two banks collapse
Updated : 3 years ago IST
Silicon Valley Bank collapsed on Friday, while New York-based Signature Bank was closed by the state regulators on Sunday (local time), becoming the second US bank to have collapsed.
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USISPF's Startup Connect Statement on Silicon Valley Bank Crisis
Updated : 3 years ago IST
New Delhi [India], March 13 (ANI/BusinessWire India): In light of the sudden collapse of Silicon Valley Bank, Dr Mukesh Aghi, President and CEO of the US-India Strategic Partnership Forum's Startup Connect Program thanks the U.S. Federal Reserve, the Federal Deposit Insurance Corporation (FD
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New York's Signature Bank collapses, becomes 2nd US bank to be shut down
Updated : 3 years ago IST
New York-based Signature Bank was closed by the state regulators, becoming the second US bank after Silicon Valley Bank to have collapsed in a matter of less than a week.
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US lender Silicon Valley Bank fails after run on deposits
Updated : 3 years ago IST
The bank's failure is the second-largest in US history, and the largest since the financial crisis of 2008, NYT said.
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US regulators shut down Silicon Valley Bank
Updated : 3 years ago IST
California regulators closed down the tech lender and put it under the control of the US Federal Deposit Insurance Corporation.
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Bank deposit insurance cover increased to Rs 5 lakh, refund within 90 days
Updated : 4 years, 3 months ago IST
Pune (Maharashtra) [India], December 12 (ANI): Union Minister of Commerce and Industry Piyush Goyal on Sunday said that the Central government has increased the bank deposit insurance cover, in case of problems occurring such as closure, from Rs 1 lakh to Rs 5 lakh. The amount has to be refu
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PM Modi to address bank deposit insurance programme today
Updated : 4 years, 3 months ago IST
New Delhi [India], December 12 (ANI): Prime Minister Narendra Modi will address the function on 'Depositors First: Guaranteed Time-bound Deposit Insurance Payment up to Rs 5 Lakh' on Sunday at noon in Vigyan Bhawan, Delhi.
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PM Modi to address depositors in bank deposit insurance programme tomorrow
Updated : 4 years, 3 months ago IST
New Delhi [India], December 11 (ANI): Prime Minister Narendra Modi will address the function on 'Depositors First: Guaranteed Time-bound Deposit Insurance Payment up to Rs 5 Lakh' on Sunday at noon in Vigyan Bhawan, Delhi.
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Modi govt gave relief to depositors of failed Cooperative Bank: Tejaswi Su
Updated : 4 years, 3 months ago IST
New Delhi [India], November 29 (ANI): South Bengaluru MP Tejaswi Surya on Monday said the disbursal of Rs 5 lakh deposit insurance to the depositors of the Sri Guru Raghavendra Cooperative Bank is a big reprieve provided by the Narendra Modi-led government.
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Parliament passes Deposit Insurance and Credit Guarantee Corporation Amend
Updated : 4 years, 7 months ago IST
New Delhi [India], August 10 (ANI): The Lok Sabha on Monday passed a bill that provides account holders security of their money by allowing access to up to Rs 5 lakh within 90 days of a bank coming under a moratorium imposed by RBI.
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