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PMC crisis shows depositors are sitting ducks if their bank goes bust; why shouldn’t savers get cover for...
October 8, 2019 | By Firstpost.com
business
The deposit insurance guarantee scheme was set up in 1961 to ensure depositors are guaranteed at least some amount in the event of a bank collapse
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What happens if a bank goes bust in India? Logically, depositors will rush to the bank's branches to get their money back. There will be panic and commotion. A blame game will follow. Will the depositors get their money back? If yes, how soon? When a bank fai
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