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Watch: Leopard cub lost in rain rescued in Mumbai's Aarey

Watch: Leopard cub lost in rain rescued in Mumbai's Aarey

Delhi: Complete ban on sale & bursting of firecrackers up to January 1

Delhi: Complete ban on sale & bursting of firecrackers up to January 1

Reasons why Sidhu may have quit as Punjab Congress chief

Reasons why Sidhu may have quit as Punjab Congress chief

 Watch: Kanhaiya stays fiery as he joins grand old Congress

Watch: Kanhaiya stays fiery as he joins grand old Congress

'This jihad is wrong': Nabbed terrorist exposes Pakistan army

'This jihad is wrong': Nabbed terrorist exposes Pakistan army

Nod for Deposit insurance bill amendment; deposits up to Rs 5 lakh will be insured

Bank depositors will get Rs 5 lakh insurance on their deposits within 90 days

The Union Cabinet on Wednesday approved amendment to the DICGC Act to provide account holders access to up to Rs 5 lakh funds within 90 days of a bank coming under moratorium to ensure timely support to depositors.

The Bill is expected to be introduced in the current monsoon session, Finance Minister Nirmala Sitharaman said, while sharing details about the Cabinet meeting.

Once the Bill becomes law, it will provide immediate relief to thousands of depositors, who had their money parked in stressed lenders such as PMC Bank and other small cooperative bank

 

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Nod for Deposit insurance bill amendment; deposits up to Rs 5 lakh will be insured

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