In the wake of the PMC Bank crisis, the finance ministry and insurance regulator IRDAI have asked insurers if they can come up with a product to provide coverage for deposits of above Rs 1 lakh. Currently, the Deposit Insurance and Credit Guarantee Corporation (DICGC) covers only deposits of Rs 1 lakh and below.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2SBMF3Z
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