In the wake of the PMC Bank crisis, the finance ministry and insurance regulator IRDAI have asked insurers if they can come up with a product to provide coverage for deposits of above Rs 1 lakh. Currently, the Deposit Insurance and Credit Guarantee Corporation (DICGC) covers only deposits of Rs 1 lakh and below.
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2SBMF3Z
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2SBMF3Z
Finance ministry, IRDAI seek bank account insurance
Reviewed by Space encyclopaedia
on
December 29, 2019
Rating: