BANK DEPOSIT INSURANCE
How to set up SIP investments in mutual funds, stocks, recurring deposits
The most popular route of systematic investment is in a mutual fund. The investor needs to fill up a mutual fund investment form along with KYC form and supporting KYC documents. Investment details such as scheme name, option, etc.
How to maximise benefits of savings bank account
The savings bank account is typically used to deposit money in a safe place and it has many ...
Kotak Bank’s provisions spike & NII jumps in Q3: Key takeaways
The bank saw a spike in provisions and deterioration in asset quality.
Deposit Insurance Corporation faces claim of around ₹14,000 crore
DICGC came into limelight since RBI imposed deposit withdrawal restrictions on PMC Bank.
Finance Ministry to showcase achievements of financial inclusion at Republic Day parade
Besides DFS, Department for Promotion of Industry and Internal Trade, Department of Drinking Water and Sanitation, NDRF Ministry of Home Affairs, CPWD Ministry of Housing and Urban Affairs, and Ministry of Shipping will also participate in the Republic Day parade, according to a Defence Ministry release.
Deposit Insurance Corporation sees Rs 14,100-cr claims amid PMC crisis
The Financial Stability Report said that all the claims may not materialise at the same time.
Banks can’t claim tax relief on FD insurance
Reversal of credit would lead to an increase in cost by anywhere between Rs 200 to Rs 500 crore for banks.
Fintech, insurance companies may get direct access to CPS
Reserve Bank will examine the case for increased participation of non-banks in CPS.
Claims worth Rs 4,800 cr admitted from fixed deposit holders of debt-laden DHFL
Nearly 55,000 public depositor holders, including retail and UP Power Corporation Employees, have demanded payments aggregating to Rs 5,200 crore from the troubled mortgage players as of December 17. "The claims from fixed depositors that have been admitted, so far, are Rs 4,800 crore," a source said.
Only up to Rs 1 lakh, not all money, insured in banks: RBI-owned subsidiary
Finance Minister Nirmala Sitharaman last month said the government plans to bring in legislation on raising the insurance cover on bank deposits from the current Rs 1 lakh during the winter session of Parliament.
RBI unions want govt to hike deposit insurance cover to Rs 10 lakh
The demand for increasing bank deposit insurance cover, which was last revised in May 1993, has come to the fore after the ongoing crisis at PMC Bank. Over the weekend,Nirmala Sitharaman had said govt would bring in a legislation during the ongoing Winter session to increase the deposit insurance cover from Rs 1, but did not specify a number.
DHFL creditors to meet on Monday for discussing resolution
The third-largest pure play mortgage player is the first non-banking financial company or housing finance company to face the corporate insolvency resolution process. The Mumbai bench of NCLT had admitted the company for insolvency resolution on December 2 and appointed IOB's former MD and CEO R Subramaniakumar as the company's administrator.
Government mulls raising insurance cover on bank deposits to above Rs 1 lakh: Nirmala Sitharaman
FM said the government will bring legislations on raising bank deposit cover from the current Rs 1 lakh.
ET Awards 2019: India can be the oasis of growth amid global turmoil, says Piyush Goyal
The Narendra Modi government is determined to take policy initiatives, the minister said at the ET Awards.
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