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    Deposit Insurance and Credit Guarantee Corporation (Dicgc) : Presented By: Himanshu Das 10DM109 PGDM (A)

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    Himanshu Das
    The document summarizes the Deposit Insurance and Credit Guarantee Corporation (DICGC), which insures bank deposits up to Rs. 100,000 per depositor. Its mission is to contribute to banking stability and public confidence through deposit insurance and credit guarantees for small depositors and borrowers. The DICGC is managed by a board with the RBI Deputy Governor as chair. It aims to protect small depositors from bank failures and promote stability, growth, and deposit mobilization in the banking system.

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    Deposit Insurance and Credit Guarantee Corporation (Dicgc) : Presented By: Himanshu Das 10DM109 PGDM (A)

    Uploaded by

    Himanshu Das
    75 views8 pages
    The document summarizes the Deposit Insurance and Credit Guarantee Corporation (DICGC), which insures bank deposits up to Rs. 100,000 per depositor. Its mission is to contribute to banking stability and public confidence through deposit insurance and credit guarantees for small depositors and borrowers. The DICGC is managed by a board with the RBI Deputy Governor as chair. It aims to protect small depositors from bank failures and promote stability, growth, and deposit mobilization in the banking system.

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    DICGC

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    The document summarizes the Deposit Insurance and Credit Guarantee Corporation (DICGC), which insures bank deposits up to Rs. 100,000 per depositor. Its mission is to contribute to banking stability and public confidence through deposit insurance and credit guarantees for small depositors and borrowers. The DICGC is managed by a board with the RBI Deputy Governor as chair. It aims to protect small depositors from bank failures and promote stability, growth, and deposit mobilization in the banking system.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    75 views8 pages

    Deposit Insurance and Credit Guarantee Corporation (Dicgc) : Presented By: Himanshu Das 10DM109 PGDM (A)

    Uploaded by

    Himanshu Das
    The document summarizes the Deposit Insurance and Credit Guarantee Corporation (DICGC), which insures bank deposits up to Rs. 100,000 per depositor. Its mission is to contribute to banking stability and public confidence through deposit insurance and credit guarantees for small depositors and borrowers. The DICGC is managed by a board with the RBI Deputy Governor as chair. It aims to protect small depositors from bank failures and promote stability, growth, and deposit mobilization in the banking system.

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    DEPOSIT INSURANCE AND CREDIT

    GUARANTEE CORPORATION
    (DICGC)

    PRESENTED BY:
    HIMANSHU DAS
    10DM109
    PGDM(A)
    Legal Framework:-
     The functions of the DICGC are governed by the
    provisions of 'The Deposit Insurance and Credit
    Guarantee Corporation Act, 1961' (DICGC Act)
    and 'The Deposit Insurance and Credit Guarantee
    Corporation General Regulations, 1961' framed by
    the Reserve Bank of India in exercise of the
    powers conferred by sub-section (3) of Section 50
    of the said Act.
    MISSION:-
     To contribute to stability and public confidence in
    the banking system through provisions of deposit
    insurance and credit guarantee to small depositors
    and borrowers.

    VISION:-
     To be recognized as one of the most efficient &
    effective deposit insurance & credit guarantee
    provides, responsive to the needs of its
    stakeholder.
    Management:-
     The authorized capital of the Corporation is Rs.50
    crores, which is fully issued and subscribed by the
    Reserve Bank of India (RBI).

     The management of the Corporation vests with its


    Board of Directors, of which a Deputy Governor of
    the RBI is the Chairman.

     The Head Office of the Corporation is at Mumbai.


    FUNCTIONS:
     Each depositor in a bank is insured upto a
    maximum of Rs.1,00,000 (Rupees One Lakh) for
    both principal and interest amount held by him in
    the same capacity and same right as on the date
    of liquidation/cancellation of bank's licence or the
    date on which the scheme of
    amalgamation/merger/reconstruction comes into
    force.
    OBJECTIVES:-
     Protection to depositors, particularly small
    depositors, from the risk of loss of their savings
    arising from bank failures.

     Avoid panic and to promote greater stability and


    growth of the banking system.

     Increase the confidence of the depositors in the


    banking system and facilitate the mobilisation of
    deposits to catalyst growth and development.
    Types of Deposits Covered:
     DICGC insures all bank deposits, such as saving, fixed,
    current, recurring, etc. except the following types of
    deposits.
    (i) Deposits of foreign Governments;
    (ii) Deposits of Central/State Governments;
    (iii) Inter-bank deposits;
    (iv) Deposits of the State Land Development Banks with
    the State co-operative banks;
    (v) Any amount due on account of and deposit received
    outside India;
    (vi) Any amount which has been specifically exempted
    by the corporation with the previous approval of the
    RBI.

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