Context: Bank deposits in India up to Rs 5 lakh is insured by the Deposit Insurance and Credit Guarantee Corporation. This provides a degree of safety to bank depositors. About Deposit Insurance About Deposit Insurance and Credit Guarantee Corporation (DICGC): All Read More …
Tag: banking
Project Nexus
Context: The Reserve Bank of India (RBI) has joined Project Nexus. a multilateral international initiative to enable instant cross-border retail payments by interlinking domestic Fast Payments Systems (FPSs). What is Project Nexus? It is a multilateral international initiative to enhance cross-border payments by connecting Read More …