Question

DICGC is a wholly owned subsidiary of :

• A. SBI
• B. RBI
• C. NABARD
• D. Central Government

Answer 1

Answer:

B. RBI

Deposit Insurance and Credit Guarantee Corporation (DICGC) is a wholly-owned subsidiary of the Reserve Bank of India (RBI). It provides deposit insurance that works as a protection cover for bank deposit holders when the bank fails to pay its depositors.