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Cabinet approves amendments to Deposit Insurance & Credit Guarantee Corporation Act

Cabinet approves amendments to Deposit Insurance & Credit Guarantee Corporation Act

On July 28, 2021, Cabinet approves amendments to Deposit Insurance & Credit Guarantee Corporation Act vide Deposit Insurance & Credit Guarantee Corporation

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Published on July 28, 2021July 28, 2021By Bhumika Indulia

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On July 28, 2021, Cabinet approves amendments to Deposit Insurance & Credit Guarantee Corporation Act vide Deposit Insurance & Credit Guarantee Corporation Act, Bill 2021 in order to provide account holders access to up to Rs 5 lakh funds within 90 days of a bank coming under moratorium.

Source: Press Information Bureau

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