Tag: Budget 2020 For Deposit Insurance

Nirmala
FM Raises Deposit Insurance Cover Five Times To Rs 5 Lakh

New Delhi: To address concerns of small depositors over failure of banks, Finance Minister Nirmala Sitharaman on Saturday proposed to raise the insurance cover on saving deposits five times to Rs 5 lakh. The decision assumes significance in the wake of a scam in the Punjab and Maharashtra Cooperative (PMC) Bank affecting lakhs of customers […]

  • Tuesday, 20 April 2021
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