Author name: BNW News

Deposit insurance was set at Rs5 lakhs in 2021
Banking

Is There a Case for Higher Deposit Insurance Coverage in India?

These institutions were rescued by takeovers or bailouts, but the failures of several smaller cooperative banks remain a persistent issue. One consequence of banking failures abroad, especially in the US, has been a shift of depositor funds from smaller banks to larger, more stable ones, driven by a trust deficit. A similar trend could emerge in India, putting smaller banks under pressure.

Banking

IndoStar Capital Finance announces sale of IndoStar Home Finance to EQT

The transaction is subject to customary conditions precedent, including receipt of RBI approval, consents from lenders and shareholders’ approval. Further, EQT plans to invest INR 500 crore into IHFPL upon or shortly after closing of this transaction, and the board of IHFPL has granted an in-principle approval for such infusion.

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