Page 10 - Bank Deposits
It's not the right stage to put differential premium on banks: Finance Secy
Finance minister had announced hiking the deposit insurance limit to Rs 5 lakh for each bank depositor
 "It's not the right stage to put differential premium on banks: Finance Secy")
Budget 2020: Insurance cover for bank depositors to be raised to Rs 5 lakh
Finance Minister Nirmala Sitharaman on Saturday said the government has permitted DICGC to raise deposit insurance coverage by five times to Rs 5 lakh. Deposit Insurance and Credit Guarantee Corporation (DICGC), a wholly owned subsidiary of the Reserve Bank of India, provides insurance cover on bank deposits. Deposit insurance coverage will be enhanced from Rs 1 lakh to 5 lakh per depositor, the Finance Minister said her Budget speech in Lok Sabha. At present, the DICGC provides Rs 1 lakh insurance to a depositor regardless of deposit in case the lender fails or liquidated.
 "Budget 2020: Insurance cover for bank depositors to be raised to Rs 5 lakh")
Have money in inactive bank accounts? Here's how you can claim them back
Ideally, you have only three accounts. One for salary and other two for investment and expenses
 "Have money in inactive bank accounts? Here's how you can claim them back")
DHFL depositors get no HC push in Rs 84-cr recovery, to try again on Nov 28
The UP Power Corporation Contributory Provident Fund Trust also has an intervenor application, seeking release of Rs 4,100 crore
 "DHFL depositors get no HC push in Rs 84-cr recovery, to try again on Nov 28")
Beyond deposit insurance
Mechanism should be economically viable
 "Beyond deposit insurance")
Insurance cover on bank deposits to be raised from Rs 1 lakh: FM Sitharaman
On the telecom sector, the minister said the Centre wanted all companies to flourish and be able to grow their businesses in India
 "Insurance cover on bank deposits to be raised from Rs 1 lakh: FM Sitharaman")
Assurances, merger & correct information: What PMC depositors want from RBI
The crisis began after an alleged Rs 4,355-crore scam came to light and the RBI capped withdrawals at Rs 1,000 per customer from September 24
 "Assurances, merger & correct information: What PMC depositors want from RBI")
Banks' loans rise 8.8% in two weeks to October 11; deposits climb 9.8%
Non-food credit climbed Rs 214.40 billion to Rs 97.28 trillion, while food credit rose Rs 2.05 billion to Rs 602.90 billion
 "Banks' loans rise 8.8% in two weeks to October 11; deposits climb 9.8%")
RBI's subsidiary DICGC to revamp 50-year-old deposit insurance scheme
Deposit insurance was last revised on May 1, 1993, after the collapse of the Bank of Karad
 "RBI's subsidiary DICGC to revamp 50-year-old deposit insurance scheme")
No amnesty for bank deposits linked to money laundering: CBDT
Under 'Operation Clean Money' where 18 lakh people were contacted by the taxman
 "No amnesty for bank deposits linked to money laundering: CBDT")