SANSAD TV: BILLS: AN INSIGHT- DEPOSIT INSURANCE & CREDIT GUARANTEE CORPORATION (AMEND) ACT, 2021
Introduction: The Amendment Act seeks to provide depositors time-bound access to their insured deposit amount, in case they are restricted from accessing their bank deposits. The Bill seeks to amend the Deposit Insurance and Credit Guarantee Corporation Act, 1961. The Act established the Corporation to provide insurance for bank deposits and guarantee …
