You Searched For "Deposit Insurance and Credit Guarantee Corporation" and got 20 results
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2 mins read
DICGC introduces Daava Soochak for depositors to track claim status
Daava Soochak, a user-friendly online tool, is part of DICGC's ongoing commitment to improving the …
PTI
3 mins read
Loan-to-deposit ratio will subside on its own in coming months, notes Motilal Oswal report
As of 9th August, 2024 the Indian banking sector's loan-to-deposit (LD) ratio stood at 77.2 %, whic…
2 mins read
Risk-based premium for deposit insurance merits consideration: RBI Deputy Governor Swaminathan
Speaking at a conference in Jaipur, Swaminathan also said that as the financial sector becomes more…
PTI
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
2 mins read
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…
2 mins read
RBI cancels license of Pune-based Rupee Cooperative Bank, says 99% depositors will receive full refund
Interestingly, in its order, RBI outlined that the continuance of Rupee Cooperative Bank wou…
3 mins read
A San Antonio grandmother used guaranteed basic income to afford groceries and rent a house: 'It's changed my station in life'
Ingrid Sullivan, 48, is enrolled in San Antonio's basic-income pilot. She said it has helped her af…
Allie Kelly
1 min read
Billionaire investor Bill Ackman warns more banks will fail unless the FDIC insures all deposits
"The FDIC's failure to update and expand its insurance regime has hammered more nails in the coffin…
George Glover
3 mins read
Budget 2024 expectations: From removal of security transaction tax to sovereign green bonds
The FY 2025 budget is around the corner and it is expected that Finance Minister Nirmala Sitharaman…
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…
16 mins read
Best Business Credit Cards of January 2024
Our expert recommendations help you choose the best business credit cards to fit your spending styl…
Jasmin Baron,Katherine Fan,Angela Fung
5 mins read
Short-term investing: Options to park your money if you have a time horizon of one year or less
While the purpose of investing is to grow your money, where you invest depends on the time horizon …
3 mins read
Warren Buffett has weighed in on bank runs, bailouts and the dangers of insuring deposits. Here are 9 quotes that shed light on today's banking crisis.
Buffett has explained how to calm bank panics, warned that government guarantees distort markets, a…
Theron Mohamed
2 mins read
The US could ease stress on the banking system by fully insuring deposits of regional banks like those at failed SVB, Mohamed El-Erian says
There are 186 US banks that face risk of collapse like SVB should their depositors rush to pull the…
Carla Mozée
2 mins read
India Budget 2020: Bank scam victims are assured of ₹5 lakh instead of ₹1 lakh
“A robust mechanism is in place to monitor the health of all banks and the money of deposito…
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…
2 mins read
US banks weathered a record plunge in lending income as COVID-19 hit profits
Profit margins from banks' lending arms fell 0.68 points year-over-year to a record-low 2.68% in th…
Ben Winck
2 mins read
US banks have seen a record $2 trillion surge of deposits since the coronavirus crisis began
In April alone, bank deposits gained by $865 million, more than the previous record for an entire y…
Carmen Reinicke
4 mins read
SVB solution ensures taxpayer dollars are not put at risk: President Biden
The US President, Joe Biden, assures the American people and businesses that a resolution of the co…
PTI
2 mins read
Bank profits slouched 70% in the first quarter as lenders set aside billions for default protection
Cash protecting against soured loans jumped to $197 billion from the year-ago $125 billion sum as l…