Deposit Insurance and Credit Guarantee Corporation Current Affairs, GK & News
The Deposit Insurance and credit guarantee corporation (DICGC) is a subsidiary of the Reserve Bank of India which insures all bank deposits that are payable in India such as savings, current, recurring, fixed, etc. Each depositor in a bank is provided an insured amount of maximum Rupees One Lakh on both the interest amount and ..
Category: Economy & Banking Current Affairs
The “bail-in” clause of the Financial Resolution and Deposit Insurance Bill (FRDI) has led to worries about the safety of bank deposits. It is different from a traditional bailout in which government’s money helps bank tide over the crisis. In case of a bail-in, it is the bank’s own deposits that are used to rescue ..
As per the suggestions made by Financial Sector Legislative Reforms Commission (FSLRC), headed by former Justice B. N. Srikrishna, key regulators such as the Securities and Exchange Board of India (SEBI), the Insurance Regulatory and Development Authority (IRDA), the Pension Fund Regulatory and Development Authority (PFRDA) and the Forward Markets Commission (FMC) should be merged ..
Topics: Deposit Insurance and Credit Guarantee Corporation • Economy • Economy of India • Finance in India • Financial Sector Legislative Reforms Commission • Financial Stability and Development Council • Forward Markets Commission • India • IRDA • Pension Fund Regulatory and Development Authority • Pensions in India • Securities and Exchange Board of India