DICGC

Some companies in India may have suffered due to the fall of Silicon Valley Bank.An insurance programme provides up to Rs 5,00,000 per bank to a depositor in the event of bank failure.The fall of two major US banks, the Silicon Valley Bank…

DICGC, a wholly-owned subsidiary of the RBI, provides an insurance cover of up to Rs 5 lakh on bank depositsMUMBAI: The deposit insurance and credit guarantee corporation (DICGC) will pay the eligible depositors of Shankarrao Pujari Nutan…

New Delhi: The RBI on Friday imposed several restrictions on Shankarrao Pujari Nutan Nagari Sahakari Bank Limited, Ichalkaranji, Kolhapur, including on withdrawals, in view of the lender's worsening financial position. However, 99.84 per…

'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 Punjab and Maharashtra Cooperative (PMC)…

New Delhi: Customers of 16 stressed cooperative banks will get up to Rs 5 lakh deposit insurance cover on Monday by Reserve Bank of India's subsidiary DICGC as part of its mandate under a new law. The Deposit Insurance and Credit Guarantee…

<!-- -->RBI has cautioned co-operative societies against using the term "bank" in their namesReserve Bank of India (RBI) has cautioned people against co-operative societies which are using the word "bank" in their titles and accepting…

New Delhi: Punjab & Maharashtra Co-operative Bank (PMC Bank) customers won’t receive the Rs 5 lakh insurance cover in the first lot as the stressed state-owned lender is currently under the resolution process. In the first lot,…

Image Source : ANI Stressed PMC Bank customers not to get Rs 5 lakh deposit cover in first lot…

In a positive development for lakhs of depositors of 21 urban cooperative banks, including the scam-hit PMC Bank, the Deposit Insurance and Credit Guarantee Corporation (DICGC) has announced it would pay them up to ₹5 lakh within 90 days.…

Depositors of stressed Punjab and Maharashtra Co-operative (PMC) Bank, and 20 other cooperative banks will soon be able to get their money with a limit up to ₹5 lakh, as Deposit Insurance and Credit Guarantee Corporation (DICGC) has…