Deposit Insurance coverage should range between Rs 5.2 lakh and Rs 21 lakh: CareEdge
India’s deposit insurance coverage should ideally be set between Rs 5.2 lakh and Rs 21 lakh, according to a report […]
India’s deposit insurance coverage should ideally be set between Rs 5.2 lakh and Rs 21 lakh, according to a report […]
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.