Deposit insurers may look for full coverage for small depositors, senior citizens: RBI Deputy Governor M. Rajeshwar Rao

Aug 19, 2024

Asserting that full insurance coverage for all depositors appears somewhat financially non-viable, RBI Deputy Governor M. Rajeshwar Rao suggested that if this could be...

Process for recovering money for depositors post loan write-off "layered", needs simplification: Sitharaman

Dec 19, 2022

Union finance minister Nirmala Sitharaman on Monday said the processes for recovering money for depositors post bank loan write-offs are "layered", while noting that...

China's Henan bank crisis: Despite promises, banks fail to repay depositors

Jul 19, 2022

Beijing [China], July 19 : Despite promises that depositors in China's Henan villages will get their frozen money back in batches with the first...

President Kovind promulgates Banking Regulation (Amendment) Ordinance, 2020

Jun 27, 2020

New Delhi [India], June 27 : In order to ensure the safety of depositors across banks, President Ram Nath Kovind promulgated the Banking Regulation...

RBI imposes restrictions on Mumbai-based Raigad Sahakari Bank

Jul 19, 2022

Mumbai (Maharashtra) [India], July 19 : The Reserve Bank of India has issued several directions to Raigad Sahakari Bank, Mumbai, including an upper limit...

Savings of depositors safe, says US after two banks collapse

Mar 13, 2023

Silicon Valley Bank collapsed on Friday, while New York-based Signature Bank was closed by the state regulators on Sunday (local time), becoming the...