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Depositors News

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The portal is developed by a subsidiary of IFCI, for submission of legitimate claims by the depositors of these cooperative societies. Shah said there are two important requirements: Aadhaar registration with mobile and Aadhaar-linking with the bank account where refund is to be deposited.
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Depositories data showed that they pumped Rs 1,857 crore into equities and Rs 1,743 crore into hybrid instruments during January 1-14. For the debt segment, Srivastava said FPIs haven't been investing significantly in Indian debt markets for a long time now and that trend continues.
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Finance Minister Nirmala Sitharaman meets PMC Bank depositors and assured that action will be taken.
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The report said that data on Cross Country Deposit insurance Coverage limit shows that Deposit insurance coverage in India is one of the lowest at Rs 1 lakh/USD 1508 /0.9 times India's per capita income.
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The statement comes in the wake of "certain misgivings" that appeared in the media about 'bail-in' provisions of the Financial Resolution and Deposit Insurance Bill, 2017 (FRDI Bill).






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