Search For "depositors"
SBI customers to continue getting 3 pc interest rate in SB accounts with b
Updated : 6 years, 9 months ago IST
New Delhi [India], Aug 23 (ANI): To protect the interests of saving bank depositors, State Bank of India (SBI) has decided to not reduce interest rate further and hold it at the existing level of 3 per cent for customers with balances above Rs 1 lakh.
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Rajya Sabha passes Bill to regulate unregulated deposit schemes
Updated : 6 years, 10 months ago IST
New Delhi [India], July 29 (ANI): The Rajya Sabha on Monday passed the Bill that seeks to regulate unregulated deposit schemes and protect the interests of depositors.
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LS passes bill to curb illicit deposits, Thakur says priority to depositor
Updated : 6 years, 10 months ago IST
New Delhi, July 24 (ANI): Lok Sabha on Wednesday passed a bill that will help tackle the menace of illicit deposit schemes in the country with Minister of State for Finance Anurag Thakur stating that the first claim to recovered money will be of depositors and their data will not be shared.
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Rajasthan govt to introduce bill to protect depositors
Updated : 6 years, 11 months ago IST
Raipur (Rajasthan) [India], Jun 24 (ANI): Chief Minister Ashok Gehlot's government is set to introduce a Bill to protect depositors and to put a check on cheating by chit-fund companies, an official statement read.
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IEPF Authority recovers Rs 1,514 crore of depositors' money from Peerless
Updated : 7 years, 1 month ago IST
New Delhi [India], Apr 23 (ANI): The Investor Education and Protection Fund (IEPF) Authority has been able to obtain transfer deposits worth Rs 1,514 crore from Kolkata-based Peerless General Finance and Investment Company.
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Andhra Cabinet paves the way to pay Rs 250 crore to Agri Gold depositors
Updated : 7 years, 3 months ago IST
Amaravati (Andhra Pradesh) [India], Feb 25 (ANI): The state government will pay Rs 250 crore to the Agri Gold depositors. A proposal to this effect was cleared in the Cabinet meeting held here on Monday under the chairmanship of Chief Minister N Chandrababu Naidu.
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No likelihood of bail-in for over 98% depositors: DEA Secretary
Updated : 8 years, 5 months ago IST
New Delhi [India], Jan 3 (ANI): Following media reports on bail-in provisions under the Financial Resolution and Deposit Insurance (FRDI) Bill, 2017, Department of Economic Affairs Secretary Subhash Chandra Garg on Wednesday claimed that these provisions would not be applicable to around 98
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Finance Ministry dismisses 'misgivings' on bail-in provisions of FRDI Bill
Updated : 8 years, 5 months ago IST
New Delhi [India], Jan 2 (ANI): The Ministry of Finance on Tuesday dismissed reports regarding depositor protection in the context of "bail-in" provisions of the Financial Resolution and Deposit Insurance (FRDI) Bill, 2017, and assured that the interests of depositors (both insured and unins
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ASSOCHAM for greater clarity in FRDA Bill
Updated : 8 years, 5 months ago IST
New Delhi [India], Dec 14 (ANI): With the government laying greater emphasis on protecting depositors' money, the ASSOCHAM on Thursday urged the same to be clearly and unambiguously spelt out in the Financial Resolution and Deposit Insurance (FRDA) Bill.
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No legislation enforced to tackle stress of financial institutions: Jaitle
Updated : 8 years, 5 months ago IST
Ahmedabad (Gujarat) [India], Dec 9 (ANI): Amid ongoing social media buzz regarding the legislation dealing with the stress faced by financial institutions, Union Finance Minister Arun Jaitley on Saturday clarified that there was no law to deal with this issue, and added that the vacuum "had
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FRDI bill to be more depositor friendly, clarifies Govt
Updated : 8 years, 5 months ago IST
New Delhi [India], Dec 7 (ANI): The Financial Resolution and Deposit Insurance Bill, 2017 (FRDI Bill) is far more depositor friendly than many other jurisdictions which provide for statutory bail-in, where consent of creditors / depositors is not required for bail-in, the Ministry of Financ
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EOW arrests director of Surya Nirman Company for land fraud
Updated : 8 years, 8 months ago IST
Bhubaneswar (Odisha), October 7 (ANI): The Economic Offences Wing (EOW) on Saturday arrested Rojalin Mallick, a director of Surya Nirman Resources Private Limited, for cheating people to the tune of Rs. 2 crore on the pretext of land allocation in Odisha's Chandaka.
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