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RBI cancels licence of Laxmi Co-operative Bank, Solapur

The Reserve Bank of India (RBI) on Thursday cancelled the licence of The Laxmi Co-operative Bank Lt…

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5 mins read

Two years after the PMC Bank crisis, depositors of stressed banks to get up to ₹5 lakh by December

“Accordingly, DICGC shall pay the depositors of the insured banks (as per list) placed under AID…

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RBI shuts down Karad Janata Sahakari Bank — deposits up to ₹5 lakh will be refunded

With the cancellation of licence and commencement of liquidation proceedings, the process of p…

PTI   


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1 min read

Hike in deposit insurance won't hit bank balance sheets: RBI

"The revision in deposit insurance will not impact banks' balance sheets much," Kanungo told re…

PTI   


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DICGC collected Rs 88,523 cr premium from banks, payout towards claim totalled Rs 296 cr

New Delhi, Dec 10 () The Deposit Insurance and Credit Guarantee Corporation (DICGC) has collected R…

PTI   


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6 mins read

Explained: With markets volatile, should senior citizens invest in PSU bank FDs?

FDs have always been a popular investment choice for Indians. They offer a guaranteed return on inv…

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3 mins read

Senior citizens, these banks offer 9% plus interest on FDs – Should you park your money there?

Fixed deposits (FDs) are a popular product because they offer guaranteed returns for a fixed tenure…

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1 min read

RBI cancels licence of Pune-based The Seva Vikas Co-op Bank

"The bank does not have adequate capital and earning prospects," the RBI said. It also stated that …

PTI   


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2 mins read

Over 99 pc depositors of CKP Bank will get full payment: RBI

The RBI action on the bank had come over seven months after it placed the city-based Punjab and Mah…

PTI   


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1 min read

Govt permits five-fold increase in deposit insurance cover to Rs 5 lakh per depositor

New Delhi, Feb 1 () Finance Minister Nirmala Sitharaman on Saturday said the government has permitt…

PTI   


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RBI cancels licence of Mumbai-based The CKP Co-operative Bank

The RBI further said the affairs of the bank "were and are" being conducted in a manner detrimenta…

PTI   


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Deposit Insurance Corporation sees Rs 14,100-cr claims amid PMC crisis

Mumbai, Dec 29 () The Deposit Insurance and Credit Guarantee Corporation has received a total claim…

PTI   


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1 min read

Insurance cover on bank deposits raised to Rs 5 lakh effective Tuesday

The deposit insurance scheme covers all banks operating in India, including private sector, cooper…

PTI   


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FM raises deposit insurance cover five times to Rs 5 lakh

New Delhi, Feb 1 () To address concerns of small depositors over failure of banks, Finance Minister…

PTI   


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3 mins read

Days after hiking deposit insurance, FM says working on contentious FRDI Bill

The bankruptcy code takes care of resolution for ailing non-financial firms, but doesn't cover dep…

PTI   


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B P Kanungo gets one-year extension as RBI Deputy Governor

"The central government has re-appointed B P Kanungo as deputy Governor, Reserve Bank of India for …

PTI   


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1 min read

RBI says bank scam victim compensation increased to Rs 5 lakh after Budget announcement

Soon after the Budget announcement, insurance cover on bank deposits has been increased from Rs 1 l…

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3 mins read

Maharashtra Co-op Bank pitches for branch merger of PMC Bank

Mumbai, Feb 4 () Maharashtra State Co-operative (MSC) Bank has written to Union Finance Minister Ni…

PTI   


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2 mins read

Cabinet clears amendment to banking laws to strengthen cooperative banks

The proposed law seeks to enforce banking regulation guidelines of the RBI in cooperative banks, wh…

PTI   


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3 mins read

Are you a Yes Bank account holder? Here's how the crisis will impact you

Amid the financial troubles of Yes Bank, the Reserve Bank of India (RBI) issued a moratorium that c…