The Deposit Insurance and Credit Guarantee Corp. (DICGC), a subsidiary of the Reserve Bank of India (RBI), oversees this system. Today, the insurance covers up to ₹5 lakh per depositor per bank.

Even as short-term liquidity pressures fluctuate, Indian banks face a more persistent and worrying challenge: a sustained slowdown in deposit ... through the banking system. This challenge is ...

Tata MF's Murthy Nagarajan advises locking in higher yields via money market funds as rate cuts loom. Learn why these funds ...

Chaudhry, who had announced while taking over as CEO his ambition of moving the needle in Axis Bank's position, says "if we ...

Using icons and speech, AI-enabled voice apps like Hello Ujjivan and Bhashini are building a new bridge to banking for India’s 18 crore low-literate citizens.

If customers assume that their deposits are fully insured, they may be less cautious when choosing where to deposit their money. This could lead ... implications for the future of India’s banking and ...

Thousands of investors have their unclaimed shares lying with the IEPF, which is waiting for legal claimants to come forward and make their claims against these shares.

One of the RBI’s latest measures includes a move that allows banks to allocate a smaller portion of retail deposits to ... at a critical time. India’s banking system has been showing early ...

India’s largest private lender, HDFC Bank, says borrowers can expect to feel the impact of recent RBI rate cuts starting this quarter.

Boycott Turkey initiative could hurt Ankara’s economy, which is already grappling high inflation, currency depreciation, debt ...

This means MCLR borrowers have not seen a reduction in their EMIs. Nearly 36 per cent of all floating rate loans are priced on MCLR, while over 60 per cent are on external benchmarks (EBLR) like the ...

Meanwhile, 2,709 depositors have received Rs 12.78 crore but those with deposits of over ... remaining depositors’ money to restore trust in the cooperative banking system.