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Banks pitch higher deposit cover for senior citizensBanks have requested the RBI to increase the deposit insurance cover for senior citizens and reduce the premium for insuring other retail d...- RBI for periodic revision of deposit insurance coverageRBI Deputy Governor M Rajeshwar Rao indicated the need for periodic increases in the deposit insurance coverage limit due to factors such a...
- Put in place frameworks to manage failure of deposit taking institutions: Patra to deposit insurersRBI Deputy Governor Michael Patra urged deposit insurers to develop robust frameworks for managing bank failures and mitigating contagion e...
- Indian deposit insurer way behind global peers in processing reimbursements: RBI Deputy GovernorRBI deputy governor Michael Patra highlighted that India's deposit insurer DICGC lagged behind international counterparts in processing rei...
- DICGC lags global peers in processing claims: Michael PatraDICGC takes about a month or more to reimburse deposits when a bank collapses, while the International Association of Deposit Insurers (IAD...
- RBI weighs deposit insurance scheme linked to risk profile of banksCurrently, deposits of only up to Rs 1 lakh are insured and there have been calls by consumer groups to increase the minimum deposit insura...
- RBI mulls differential deposit insuranceRBI is weighing a differential deposit insurance system which will be linked to the risk profile of banks on the lines of recommendations b...
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