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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......

Govt ready to do everything to revive economy: FM

Expressing the government's commitment to continue with reforms, Finance Minister Nirmala Sitharaman on Thursday assured India Inc that it is ready to do everything required to revive and support......

Wallets, white label card networks can now access RTGS, NEFT systems

Centralised Payment Systems' access will also help lower cost of payments for non-banks and reduce their dependence on banks, says RBI. Illustration: Uttam Ghosh/Rediff.com The Reserve Bank of......

Bank deposits up to Rs 5 lakh will now be insured

The Union Cabinet on Wednesday approved amendment to the DICGC Act to provide account holders access to up to Rs 5 lakh funds within 90 days of a bank coming under moratorium to ensure timely......

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