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DEPOSITORS RIGHTS
Paraguay President Santiago Pena resigns after bank takeover sparks protests, threatens millions of depositorsParaguayan President Santiago Pena announced his resignation after the central bank's takeover of Ueno Bank left three million depositors, ...- SBI helped save YES Bank, Japan came aboard, and now an ₹8,415-crore ghost is crashing its comebackYES Bank’s ₹8,415-crore AT1 bond write-off, carried out during its 2020 reconstruction, has returned to the spotlight after the Supreme Cou...
- PMLA court directs ED to monetise NSEL assets, distribute Rs 1,950 crore to 63 Moons under settlement schemeIn a decisive ruling, a special PMLA court has instructed the Enforcement Directorate to sell off properties involved in the NSEL payment d...
- Bank restricted access to matured fixed deposits worth Rs 13.8 lakh, allowed customer to withdraw only Rs 50,000, ordered to pay Rs 14.15 lakhA district consumer commission in Thiruvananthapuram has ordered a cooperative bank to pay a widow over Rs 14.15 lakh after it blocked her ...
- Mother nominated son in her savings bank a/c, but both died, father faced long delay in getting funds; Consumer Commission orders Rs 10,000 compensationErnakulam, Kerala: Husband faced challenges and long delay in accessing late wife’s savings bank account as nominee died; Consumer commissi...
- FCNR(B) inflows can boost bank lending, support festive demand: Former Standard Chartered Bank MD Sanjeev MehtaForeign Currency Non-Resident Bank deposits are significantly enhancing banking liquidity, providing an essential boost for lending opportu...
- Should you have multiple bank accounts? Here’s how many you really needShould you keep all your money in one bank account or spread it out? While multiple accounts can aid in budgeting and offer deposit insuran...
- New India Co-operative Bank case: Depositors push for revival or mergerDepositors of the scam-hit New India Co-operative Bank met with RBI advisors and officials, urging for a revival roadmap or merger plan fol...
- Another bank in crisis: RBI stops customers from withdrawing money; what are your rights as depositors if your bank fails?What happens to your money if a bank fails in India? The Reserve Bank of India (RBI) has imposed restrictions on Shirpur Merchants' Co-oper...
- Banks get Rs 5,729 cr for refund of unclaimed deposits; how you can claim amount in unclaimed savings account, FDsThe Reserve Bank of India (RBI) notified the "Depositor Education and Awareness Fund Scheme, 2014," which covers unclaimed deposit norms an...
- This 110-year-old bank has stopped its operations: What happens to savings account deposits, FD, RDs of customersThe Rupee Cooperative Bank, which has its headquarters in Pune, had its banking license taken away by the Reserve Bank of India (RBI), whic...
- PMC Bank depositors seek views of RBI ex-Guv Urjit Patel, his deputy Viral AcharyaPMC depositors have sought the views of RBI ex-Guv Urjit Patel and his deputy Viral Acharya on several issues, including monetisation of th...
- Plea to release Rs 5 lakh to PMC bank depositors; Delhi HC seeks Centre, RBI standA bench of Chief Justice D N Patel and Justice Prateek Jalan issued notice to the Finance Ministry, Reserve Bank of India and PMC Bank seek...
- For DHFL depositors, it's a lonely battleWith no relaxation to even withdraw part of the deposit like in Yes Bank, Sunanda and others in a group of 200 are now waiting for April 8 ...
- Misgivings about FRDI Bill 'entirely misplaced': Finance MinistryThe Financial Resolution and Deposit Insurance Bill (FRDI), 2017 provides only "additional protections" to the depositors in a more transpa...
- Government committed to protecting rights of depositors: Arun JaitleyThe government tabled the Financial Resolution and Deposit Insurance Bill, 2017 in August in the Lok Sabha, which was referred to a Joint C...
- What to do if a company FD holder dies?To avoid uncomfortable situations and running around, investors and their family members should be aware of the claim process in case of de...
- RBI sets up fund to educate bank depositorsBanks have been directed to transfer inoperative deposit accounts and balances (along with interest) that are unclaimed for 10 years or mor...
- Sinha Panel backs non-voting shares for bank capitalisationBanks are finding it tough to raise funds through issue of fresh shares as it will lead to a dilution of the government’s stake to below th...
- No more deposit slips, promiseThe focus of the Reserve Bank of India has now shifted to according “the highest priority to the service of the common person.” The RBI had...
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