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Deposit Insurance And Credit Guarantee Corporation

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Rajya Sabha loses 40 of 50 working hours during first 2 weeks

The productivity of the Upper House fell drastically in the ongoing Monsoon Session of the Parliament as the Rajya Sabha Secretariat in an official notification informed that the House lost 40 out......

Govt set to introduce 17 new bills in monsoon session of Parliament

The much-anticipated cryptocurrency bill, however, is missing from the list, reports Shrimi Choudhary. The government is set to introduce 17 new bills in the monsoon session of Parliament,......

With Rs 7,000 cr stuck, over 20k PMC Bank depositors are playing waiting game

The amount stuck is 60 per cent of the total Rs 11,800-crore in deposits. The draft amalgamation scheme of Punjab and Maharashtra Co-operative (PMC) Bank with Unity Small Finance Bank (SFB)......

RBI scheme: PMC depositors to be paid over a period of 3-10 years

Inching closer to resolving the Punjab and Maharashtra Cooperative (PMC) Bank issue, the Reserve Bank on Monday came out with a draft scheme for takeover of the crisis-hit bank by the Delhi-based......

PMC Bank customers not to get Rs 5 lakh deposit cover in first lot

Customers of stressed Punjab & Maharashtra Co-Operative Bank (PMC Bank) will not get up to Rs 5 lakh insurance cover in the first lot as the multi-state co-operative bank is under the resolution......

Depositors of 21 stressed co-op banks to get Rs 5 lakh by Nov

The banks are required to submit a claim list by October 15. Illustration: Uttam Ghosh/Rediff.com The Deposit Insurance and Credit Guarantee Corporation (DICGC) will pay the depositors of 21......

Economy gaining traction with pick-up in manufacturing activity: RBI

The economy is gaining traction with gradual pick up in manufacturing activity and moderation in contraction of services, spurred by comfortable liquidity conditions, an RBI article on Tuesday......

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