The Economic Offences Wing (EOW) of the Mumbai police is struggling to figure out how accused Hitesh Mehta siphoned depositor money from New India Co-operative Bank and re-lent it to developers off ...

The DICGC, a subsidiary of the RBI and supported by the central government, safeguards small depositors in case a bank faces ...

On February 13, the RBI prohibited NICB from issuing new loans and suspended deposit withdrawals for six months and ...

Mumbai, Feb 17 (PTI) The government is "actively considering" raising the deposit insurance limit beyond the current ₹ 5 lakh ...

The Centre is considering raising the DICGC insurance cover for bank depositors above ₹5 lakh, enhancing protection for ...

The insurance cover to depositors is provided by the Deposit Insurance and Credit Guarantee Corporation (DICGC), a subsidiary ...

Finance Ministry considers raising deposit insurance limit from ₹5 lakh, following RBI curbs on New India Co-operative Bank.

The Indian government is considering raising the deposit insurance limit, which is currently at ₹5 lakh. This was revealed by ...

The crisis unfolded on Friday, February 14, as panic-stricken depositors rushed to the branches of Mumbai-based New India ...

Deposit holders of New India Co-operative Bank cannot withdraw money from their bank accounts with effect from February 13, ...