Philippine Deposit Insurance Corporation (Ofer Abarbanel online library)

The Philippine Deposit Insurance Corporation (Filipino: Korporasyon ng Segurong Deposito ng Pilipinas, abbreviated as PDIC) is a government-run Philippine deposit insurance fund. It was established on June 22, 1963 by Republic Act 3591. It guarantees deposits up to P500,000.[1] Primary Functions of PDIC is to protect the small investors/depositors and to build a strong banking confidence. Continue reading “Philippine Deposit Insurance Corporation (Ofer Abarbanel online library)”

Deposit Insurance and Credit Guarantee Corporation (Ofer Abarbanel online library)

Deposit Insurance and Credit Guarantee Corporation (DICGC) is a subsidiary of Reserve Bank of India. It was established on 15 July 1978 under Deposit Insurance and Credit Guarantee Corporation Act, 1961 for the purpose of providing insurance of deposits and guaranteeing of credit facilities. DICGC insures all bank deposits, such as saving, fixed, current, Recurring deposit for up to the limit of Rs. 100,000 of each deposits in a bank.[1] Continue reading “Deposit Insurance and Credit Guarantee Corporation (Ofer Abarbanel online library)”

Deposit Insurance Corporation of Japan (Ofer Abarbanel online library)

Deposit Insurance Corporation of Japan (Japanese: 預金保険機構 Yokin Hoken Kikou) is the federal deposit insurance of Japan. It was established in 1971 and is headquartered in Tokyo. Masanori Tanabe has been Chair of the organization since 2010. Due to 1990s’ Japanese banking rescue, the company has preferred shares of 29 banks remain uncalled through The Restoration and Collection Company, its subsidiary . New Scientist named it as one of the 147 “superconnected” organizations “with disproportionate power over the global economy.”[1] Continue reading “Deposit Insurance Corporation of Japan (Ofer Abarbanel online library)”