DCGC Demands Rs 1.5b To Increase Capital
KATHMANDU, June 27:
The Deposit and Credit Guarantee Corporation (DCGC), the state-owned deposit and credit insurance company, has demanded Rs 1.5 billion from the government to increase its capital base and create a fund to enhance its risk absorbing capacity.
Of the amount, the corporation wants to spend Rs 1 billion to boost its capital. The corporation has insured deposits of up to Rs 200,000 of all banks and financial institutions in the country.
Source: Republica
