New Vistas in Deposit Insurance in India (Keynote Address delivered by Michael Debabrata Patra, Deputy Governor, Reserve Bank of India - June 14, 2024 - at the 79th Executive Committee Meeting of the International Association of Deposit Insures (IADI) at Rome, Italy) https://www.taxtmi.com/news?id=27539 India's deposit insurance framework now requires the DICGC to make up-front payouts to insured depositors within statutory timelines once a bank is placed under regulatory restrictions, with insured banks obliged to submit depositor lists and the Corporation verifying claims and completing payments within specified sequential timeframes; the DICGC retains a constrained paybox plus role while resolution powers remain with the central bank. en-us Tue, 18 Jun 2024 16:13:48 +0530 Tue, 18 Jun 2024 16:13:48 +0530 TaxTMI RSS Generator New Vistas in Deposit Insurance in India (Keynote Address delivered by Michael Debabrata Patra, Deputy Governor, Reserve Bank of India - June 14, 2024 - at the 79th Executive Committee Meeting of the International Association of Deposit Insures (IADI) at Rome, Italy) https://www.taxtmi.com/news?id=27539 India's deposit insurance framework now requires the DICGC to make up-front payouts to insured depositors within statutory timelines once a bank is placed under regulatory restrictions, with insured banks obliged to submit depositor lists and the Corporation verifying claims and completing payments within specified sequential timeframes; the DICGC retains a constrained paybox plus role while resolution powers remain with the central bank. News - Tue, 18 Jun 2024 16:13:48 +0530 https://www.taxtmi.com/news?id=27539