Friday, November 15, 2019

Government mulls raising insurance cover on bank deposits to above Rs 1 lakh: Nirmala Sitharaman

These legislations assume significance in the wake of scam in the PMC Bank affecting lakhs of customers who are facing difficulties in withdrawing their entire money due to restrictions imposed by the RBI. At present, bank depositors get an insurance cover of Rs 1 lakh on their amount by the Deposit Insurance and credit Guarantee Corporation.

from Banking/Finance-Industry-Economic Times https://ift.tt/353CBnb

No comments:

Post a Comment