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Cabinet approves DICGC Bill; Depositors of stressed banks to get up to Rs 5 lakh insurance within 90 days of moratorium

Cabinet approves DICGC Bill; Depositors of stressed banks to get up to Rs 5 lakh insurance within 90 days of moratorium

Jul 29, 2021, at 12:41 am

New Delhi/IBNS: In a move to bring relief to the depositors of troubled banks, the Union Cabinet has approved the Deposit Insurance and Credit Guarantee Corporation (Amendment Bill) on July 28, Finance Minister Nirmala Sitharaman said.