Awareness Fridays: A Case Study that Illustrates how the Deposit Insurance System Works in India

by Vinaya HS on November 7, 2008

in Finance

Three weeks back, I wrote about the deposit insurance system in India. While that guide served as a ready reckoner, there’s nothing better to drive the point home than a real case study. One such case study — and a live one at that — involves Saraswat Bank’s takeover of South Indian Cooperative Bank (SICB). You can read-up on how the deposit insurance system is being invoked and utilized in this article published in the Economic Times.

Awareness Fridays is my new initiative to spread awareness on topics relevant to personal finance — every Friday. I urge you to take some time off and absorb this information — it’s pretty useful. And, as always, do spread the word if you find this useful.

Further reading:

  1. Awareness Fridays: A Guide to the Deposit Insurance System in India
  2. Awareness Fridays: An Insight Into How Your Bank Should Maintain Your Deposit Accounts
  3. Awareness Fridays: Can You Access Your Credit Information Report? (Part #2)
  4. Awareness Fridays: Your Bank Should Now Acknowledge Nomination and Indicate the Name of the Nominee in Pass Books and Fixed Deposit Receipts
  5. Awareness Fridays: Guidelines on Detection and Impounding of Counterfeit Notes at Indian Banks

{ 2 comments… read them below or add one }

1 Laxmi 11.07.08 at 5:15 pm

a very good effort indeed. Keep it up!
One can find some info on saving schemes: http://www.alpbachat.org/schemes.htm
bye..Laxmi

2 Girish 11.07.08 at 8:57 pm

Vinaya,
That’s a very usefull info…
Keep the blogs flowing
Girish

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