Deposit insurance and credit guarantee corporation (DICGC)
All commercial banks
including branches of foreign banks functioning in India, local area banks and
regional rural banks are insured by the DICGC. Note: Primary cooperative
societies are not insured by the DICGC. DICGC insure: DICGC protects bank
deposits that are payable in India.
The DICGC insures all
deposits such as savings, fixed, current, recurring, etc.
except the following
types of deposits.
(i) Deposits of
foreign Governments;
(ii) Deposits of
Central/State Governments;
(iii)Inter-bank
deposits;
(iv) Deposits of the
State Land Development Banks with the State co-operative bank;
(v) Any amount due on
account of any deposit received outside India
(vi) Any amount,
which has been specifically exempted by the corporation with the previous
approval of Reserve Bank of India. Maximum deposit amount insured by the DICGC
- Each depositor in a bank is insured upto a maximum of Rs.1,00,000 (Rupees One
Lakh).
Credit Information Bureau (India) Limited: is
India’s first Credit Information Company (CIC) founded in August 2000. CIBIL
collects and maintains records of an individual’s payments pertaining to loans
and credit cards.
Headquarter – Mumbai
Credit Rating Agency in India & World
Indian credit
rating industry mainly comprises of CRISIL, ICRA, CARE, ONICRA, FITCH (India
Ratings & Research) & SMERA.
- > CRISIL -
Credit Rating Information Services of India Limited,
Headquarter – Mumbai
- > ICRA -
Investment information and credit rating agency
Headquarter - Gurgaon, India
- > CARE -
Credit Analysis and Research Headquarters – Mumbai
- > ONICRA -
Headquarter - Gurgaon, India
- > SMERA -
Headquarters – Mumbai
- > Fitch (India
Ratings & Research) - Headquarters – Mumbai
Note: CRISIL is the
largest credit rating agency in India, with a market share of greater than 60%.
Leading Credit Rating Agency in World –
1. Standard &
Poor's (S&P) – Headquarter – New York, US
2. Moody's –
Headquarter - New York, US
3. Fitch -
Headquarter - New York, US
4. DBRS (Dominion
Bond Rating Service) - Headquarter - Toronto, Ontario,
Canada
5. Egan – Jones - - Headquarter –
Pennsylvania, US
Stock Exchanges and
their Index:
1. BSE ( Bombay Stock
Exchange) - SENSEX ( Sensitive Index) - BSE is oldest
stock exchange in Asia located at Dalai Street
in Mumbai –
Sensex Consists of 30 companies
2. NSE (National
Stock Exchange) - Nifty-50 -NSE is the largest stock exchange
in India -Nifty consists of 50 companies
3. NYSE ( Newyork
Stock Exchange) - DJ ( Dow Jones) - NYSE world's first and
largest stock market
4. NASDAQ ( National
association of securities dealers Automated Quotation
System)- NASD-100 - NASDAQ is the first
electronic stock market in the world
located in New York.
5. Tokyo Stock
Exhange ( Japan) - Nikkei-225
6. Korea Stock
Exchange( Seoul, South korea) – Kospi
7. Shenghai Stock
Exchange( China)- Composite Index
8. Shenzen Stock
Exchange( China)- Composite Index
9. German Stock
Exchange- DAX( Deutscher Aktein Index)
10. Hong Kong Stock
Exchange- Hang Seng
11. . SGX(Singapore
Exchange)- STI( Straits Times Index)
12. LSE( London Stock
exchange) or UK stock exchange- Footsie or FTSE-100 (
Financial Times and London Stock
Exchange)
13. France Stock
Exchange - CAC-40 ( Cotation Assisteeen Continuo)