Search For "dicgc"
RBI's Risk-Based deposit insurance premium framework to boost stronger ban
Updated : 2 months, 1 week ago IST
The framework, released on February 6, 2026, replaces the existing flat premium rate of 12 paise per Rs. 100 of assessable deposits (AD) with a differential pricing structure. Under the revised system, banks will be categorised based on risk scores derived from the Deposit Insurance and Cred
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Government actively considering raising deposit insurance limit beyond Rs
Updated : 1 year, 3 months ago IST
Deposit insurance, as we know it today, was introduced in India in 1962. India was the second country in the world to introduce such a scheme, the first being the US in 1933. Banking crises and bank failures worldwide underscored the need for depositor protection.
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RBI Dy Governor highlights urgent need to evolve deposit insurance system
Updated : 1 year, 9 months ago IST
Reserve Bank of India (RBI) Deputy Governor Michael Patra underscored the urgent need for evolving deposit insurance systems to meet the challenges posed by rapid financial innovation and climate change at an event organised by the Deposit Insurance Corporation of Global Communities (DICGC)
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Unlock growth with AU Small Finance Bank's Fixed Deposits, offer up to 8.5
Updated : 2 years, 3 months ago IST
New Delhi [India], January 29: In the pursuit of financial stability and growth, investing in Fixed Deposits (FDs) emerges as a secure and lucrative option. AU Small Finance Bank presents an opportunity to unlock your financial potential with Fixed Deposits that offer high-interest rates, en
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Modi govt gave relief to depositors of failed Cooperative Bank: Tejaswi Su
Updated : 4 years, 5 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, 9 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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All Guru Raghavendra Bank depositors to be benefitted by DICGC Bill. says
Updated : 4 years, 9 months ago IST
New Delhi [India], August 9 (ANI): Hours after Parliament passed the amendment to the Deposit Insurance Credit Guarantee Corporation (DICGC) Bill, 2021 in Lok Sabha on Monday, Lok Sabha MP Tejasvi Surya lauded Finance Minister Nirmala Sitharaman and said the bill would provide interim relief
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Cabinet gives nod to Deposit Insurance Credit Guarantee Corporation Bill
Updated : 4 years, 10 months ago IST
New Delhi [India], July 28 (ANI): Bringing sigh of relief for the depositors in stressed banks, the Union Cabinet on Wednesday gave nod to the Deposit Insurance Credit Guarantee Corporation (DICGC) Bill, 2021.
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RBI puts Rs 1,000 withdrawal cap on Deccan Urban Cooperative Bank
Updated : 5 years, 3 months ago IST
Mumbai (Maharashtra) [India], February 20 (ANI): The Reserve Bank of India (RBI) has imposed a withdrawal cap of Rs 1,000 on customers of Deccan Urban Cooperative Bank and barred the Karnataka-based lender from granting fresh loans or accepting deposits.
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Impact of safety ratings on your Fixed Deposits
Updated : 7 years, 1 month ago IST
Pune (Maharashtra) [India] April 22 (ANI/BusinessWire India): According to a survey conducted by SEBI, more than 95 per cent of Indian households held savings in the form of bank fixed deposits in 2015. The credit for this goes to the safety and guaranteed returns that Fixed deposits prom
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