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Start learning 50% faster. Sign in nowDICGC · DICGC stands for Deposit Insurance And Credit Guarantee Corporation. · It ensures the money of the bank deposit holders if the bank fails to pay. · The maximum amount insured by DICGC was ₹ 1 lakh till the 4th February 2020. · After that, In the FY-2020 Budget, the insured amount was increased to ₹ 5 lakh in the wake of the Punjab and Maharashtra Cooperative Bank crisis. · It was established under the DICGC act 1961, on 15th July 1978. · All commercial bank including branches of a foreign bank in India, local area bank and RRB are insured by DICGC · However, NBFC and primary cooperative society are not insured by RBI · DICGC insures all types of account. for instance, all the Current, fixed, saving and recurring bank accounts. · Dr. M.D. Patra is the current chairman of DICGC who is also Deputy Governor of RBI . BRBNMPL · BRBNMPL stands for Bharatiya Reserve Bank Note Mudran Private Limited. · Established in 1995 to address the demand and supply for banknotes. · It was registered as a Private Limited Company under the Companies Act of 1956 · The primary function of BRBNMPL is to print the banknotes for the Reserve Bank of India (RBI). · It operates with 2 presses, 1 in Mysore and 1 in Salboni. · The current capacity for both the presses is to print 16 billion note pieces per year on a 2-shift basis. · The MD of BRBNMPL is Shri Manas Ranjan Mohanty. · Headquarter: Bengaluru ReBIT · ReBIT Stands for Reserve Bank Information Technology Private Limited · ReBIT was established in July 2016 to improve the cyber resilience of the Indian banking industry. · It ensures the IT and cybersecurity requirement of the Indian banking industry · Mr Kiran Karnik is the Chairman of ReBIT IFTAS · IFTAS stands for Indian Financial Technology and Allied Services · The primary function of IFTAS is to designs, deploys & provides essential IT-related services for the Reserve Bank of India and other financial institutions. · In conclusion, it enhances the digital infrastructure of the entire financial system. · IFTAS is established under Section 8 of the Indian Companies Act, 2013. · Mr T. Rabi Sankar is the current Chairman of IFTAS · Dr N Rajendran is the Chief Executive Officer of IFTAS · Headquarter: Mumbai
Which of the following is true with respect to issue of shares at a discount?
Under the Bharatiya Sakshya Adhiniyam , what does the Court presume regarding the information in an Electronic Signature Certificate?
According to Article 38 of the Statute of the International Court of Justice (ICJ), which of the following are primary sources of international law?
Under the Juvenile Justice (Care and Protection of Children Act, 2015, who may not be designated as a Child Welfare Officer?
"Complaint" means:
When is a court prohibited from proceeding with the trial of a suit?
Pound, Ihering, Ehrlich have adopted__________school/ method for the study of legal philosophy. According to these jurists, the essential characterist...
A merger occurred between two companies which are engaged at different stages in the production process. Which kind of Merger is being talked about?
According to which Jurist it is Law of Torts?
What is the punishment for collecting arms and men with intention of waging war against the Government of India?
