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It was established on 15 July 1978 under the Deposit Insurance and Credit Guarantee Corporation Act, 1961 for the purpose of providing insurance of deposits and guaranteeing of credit facilities. DICGC insures all bank deposits, such as saving, fixed, current, recurring deposit for up to the limit of Rs. 500,000 of each depositor in a bank. The ...
Deposit Insurance and Credit Guarantee Corporation (DICGC) Securities and Exchange Board of India (SEBI) Banking Codes and Standards Board of India (BCSBI); Forward Markets Commission (FMC) Insolvency and Bankruptcy Board of India (IBBI) Insurance Regulatory and Development Authority (IRDAI) Pension Fund Regulatory and Development Authority (PFRDA)
In 1978, the DIC and the CGCI were merged to form the Deposit Insurance and Credit Guarantee Corporation (DICGC). Deposit insurance was hiked from ₹100,000 (one lakh rupees, approximately $1,325 as of March 2020) to ₹500,000 (5 lakh rupees, approximately $6,625 as of March 2020) in 2020. [74]
The business of general insurance was nationalised through The General Insurance (Emergency) Provisions Ordinance promulgated on 13 May 1971 and thereby the business being carried on by 107 entities was consolidated and restructured into four companies namely The New India Assurance Company Limited, Bombay, United India Fire & General Insurance Company Limited, Madras, Oriental Fire & General ...
TNSC Bank is a member of the Deposit Insurance and Credit Guarantee Corporation (DICGC) and is an insured cooperative bank as per the DICGC Act. TNSC Bank's capital is shared by the Government of Tamil Nadu .
ECGC Ltd., was established in July, 1957 to strengthen the export promotion by covering the risk of exporting on credit. [2] It functions under the administrative control of the Department of Commerce, Ministry of Commerce and Industry, Government of India.
Chairman of the Deposit Insurance and Credit Guarantee Corporation [1] [2] [3] 45 Rakesh Mohan: 9 September 2002 10 June 2009 6 years, 274 days Economist Consultant at the Planning Commission [1] [2] [3] 46 K J Udeshi 10 June 2003 12 December 2005 2 years, 185 days Career banker Chairman of Bharatiya Reserve Bank Note Mudran [1] [2] [3] 47 V ...
Official Website The Cosmos Co-operative Bank Ltd. ( Cosmos Bank ), established in 1906, is one of the oldest Urban Co-operative Banks in India. Cosmos Bank celebrated its centenary on 18 January 2006.