In a regulatory filing, the Bank said, “We wish to inform you that Central Bank of India has acquired equity stake of 24.91% of Future Generali India Insurance Company Limited (FGIICL) pursuant ...

The acquisition of shares was completed on Wednesday, June 4, 2025. The Central Bank of India bought 35,06,30,136 equity shares of Future Generali India Insurance Company for ₹ 451 crore.

Savings deposits saw a drop in share to 29.1 per cent from 30.8 per cent in March 2024 and 33 per cent in March 2023. Current deposits, however, remained steady at 9.8 per cent.

While the government is yet to take a final call on the quantum of the new insurance limit for deposits to update the Rs 5 lakh cap set five years ago, the official signalled the revised ceiling ...

Deposits in nearly 98 per cent of 2.89 billion accounts in insured banks were fully protected by the Rs 5 lakh insurance cap as of March 31, 2024, according to DICGC data.

Savings deposits saw a drop in share to 29.1 per cent from 30.8 per cent in March 2024 and 33 per cent in March 2023. Current deposits, however, remained steady at 9.8 per cent.

The scheme offers an interest rate of 7.15% per annum for general citizens, 7.65% for senior citizens, and 7.75% for super senior citizens for callable deposits.

HDFC Bank started accepting deposits under the Senior Citizens’ Savings Scheme (SCSS), a government-backed savings plan designed for senior citizens. This move enables the bank to function as an ...

Industry experts argue that the Federal Deposit Insurance Corp.'s recent brokered deposit proposal, which would expand the classification of brokered deposits and reverse key elements of a 2020 rule, ...

South Africa's central bank and government launched a deposit insurance fund on Thursday that will protect individual customer cash deposits up to 100,000 rand ($5,267) from any bank failure.

Project Agorá will investigate how tokenized commercial bank deposits can be integrated with tokenized wholesale central bank money and seek to build a usable solution. The project, announced by ...

Community Bank System in Syracuse, New York, entered the insurance business in 2015, with its $142 million acquisition of Oneida Financial in Oneida, New York. Oneida's OneGroup agency was formed by ...