InvestorQ : Will the increase in deposit insurance be positive for the banks?
diksha shah made post

Will the increase in deposit insurance be positive for the banks?

Answer
user profile image
Mary Joseph answered.
7 months ago


The current limit of Rs.1 lakh deposit insurance was too low. While large banks have the implicit RBI support, the smaller banks and cooperative banks are especially vulnerable. This brings more trust and confidence in the banking system in India.