Deposit insurance


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Deposit insurance

Deposit Insurance

A guarantee by some organization that funds in a bank deposit will be available to the account holder. That is, if the bank becomes insolvent, insured deposits are safe and depositors will be able to access them. Deposit insurance is made by a government-sponsored organization such as the FDIC. Deposit insurance exists in order to reduce pressures that might result in bank runs.
References in periodicals archive ?
Global Banking News-August 30, 2019--Indian central bank announces deposit insurance levels
M2 EQUITYBITES-August 30, 2019--Indian central bank announces deposit insurance levels
BANKING AND CREDIT NEWS-August 30, 2019--Indian central bank announces deposit insurance levels
THE Nigeria Deposit Insurance (NDIC) has revealed that the number of fully covered accounts at ?500,000 in Deposit Money Banks (DMBs) increased from 96,760,687 in 2017 to 109,305,169 in 2018.
The deposit insurance system of the Azerbaijani population should be revised and changed, Chairman of the Management Board of VTB Bank (Azerbaijan) Yevgeniy Kirin said.
Fonacier said state-run Philippine Deposit Insurance Corp.
The Deposit Insurance Fund of the Republic of Macedonia said that deposits of individuals went up 8.69 percent in a year or 4.08 percent since the beginning of 2018, which is a 3-year high.
The Switzerland-based IFSB on August 6 in Kuala Lumpur signed a memorandum of understanding to set up a joint working group which would develop and promote technical standards for the implementation of effective and comprehensive Islamic deposit insurance systems.
The International Association of Deposit Insurers (IADI) and the Islamic Financial Services Board (IFSB) have partnered to develop, and promote technical standards for the implementation of effective Islamic deposit insurance systems.
New Delhi: Amid concerns being raised on bank deposits under the draft FRDI Bill, an SBI research report on Thursday said the proposed law is contemplating an increase in deposit insurance coverage from the current Rs 1 lakh.
from doing business, state-run Philippine Deposit Insurance Corp.

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