{"id":225402,"date":"2020-02-10T19:30:17","date_gmt":"2020-02-10T14:00:17","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=225402"},"modified":"2020-02-10T16:26:23","modified_gmt":"2020-02-10T10:56:23","slug":"deposit-insurance-and-credit-guarantee-corporation-dicgc-increases-insurance-coverage-for-depositors-in-all-insured-banks-to-rs-5-lakh","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2020\/02\/10\/deposit-insurance-and-credit-guarantee-corporation-dicgc-increases-insurance-coverage-for-depositors-in-all-insured-banks-to-rs-5-lakh\/","title":{"rendered":"Deposit Insurance & Credit Guarantee Corpn. (DICGC) increases — insurance coverage for depositors in all insured banks to Rs 5 lakh"},"content":{"rendered":"

With a view to providing a greater measure of protection to depositors in banks the Deposit Insurance and Credit Guarantee Corporation, a wholly-owned subsidiary of the Reserve Bank of India, has raised the limit of insurance cover for depositors in<\/span>
\ninsured banks from the present level of Rs 1 lakh to Rs 5 lakh per depositor<\/span> with effect from February 4, 2020, with the approval of the Government of India.<\/p>\n

\n

Reserve Bank of India<\/span><\/p>\n

Press Release: 2019-2020\/1878 <\/span><\/p>\n

[Press Release dt. 04-02-2020]<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

With a view to providing a greater measure of protection to depositors in banks the Deposit Insurance and Credit Guarantee Corporation, a <\/p>\n","protected":false},"author":8808,"featured_media":108551,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8051,2],"tags":[39546,39547,34258,39548],"class_list":["post-225402","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business_news","category-news","tag-deposit-insurance-and-credit-guarantee-corporation","tag-depositor","tag-insurance-cover","tag-insured-banks"],"yoast_head":"\nDeposit Insurance & Credit Guarantee Corpn. 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Tavade, JJ., held that Reserve Bank of India's decision to cancel the banking license of CKP Co-operative Bank Limited is not to be interfered with. Present petitions were filed challenging the respondents' -- Reserve Bank of India action wherein the\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Bombay-HC.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Bombay-HC.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Bombay-HC.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Bombay-HC.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Bombay-HC.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":276638,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/11\/04\/revival-of-the-financial-resolution-and-deposit-insurance-bill-a-need-of-the-hour\/","url_meta":{"origin":225402,"position":4},"title":"Revival of the Financial Resolution and Deposit Insurance Bill —A Need of the Hour","author":"Bhumika Indulia","date":"November 4, 2022","format":false,"excerpt":"by Aditya Kaushik*","rel":"","context":"In "Op Eds"","block_context":{"text":"Op Eds","link":"https:\/\/www.scconline.com\/blog\/post\/category\/op-ed\/legal-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/11\/MicrosoftTeams-image-208-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/11\/MicrosoftTeams-image-208-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/11\/MicrosoftTeams-image-208-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/11\/MicrosoftTeams-image-208-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/11\/MicrosoftTeams-image-208-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":243110,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/02\/01\/cbi-registers-a-case-against-6-then-officials-of-indian-overseas-bank-and-others-alleging-misappropriation-of-depositors-money-and-conducts-searches\/","url_meta":{"origin":225402,"position":5},"title":"CBI registers a case against 6 then officials of Indian Overseas Bank and others alleging misappropriation of depositor’s money and conducts searches\u00a0","author":"Bhumika Indulia","date":"February 1, 2021","format":false,"excerpt":"The Central Bureau of Investigation has registered a case against 06 then officials of Indian Overseas Bank, Vijaywada\/Guntur and other unknown persons & public servants alleging misappropriation of depositor\u2019s money. It was alleged that the Secretary, Arogya Bhadratha was maintaining Savings Accounts with Indian Overseas Bank, Mangalagiri Branch, District, Guntur\u2026","rel":"","context":"In "Hot Off The Press"","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/10\/CBI.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/10\/CBI.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/10\/CBI.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/10\/CBI.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/10\/CBI.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/225402","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=225402"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/225402\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/108551"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=225402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=225402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=225402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}