The increase in bank deposit insurance cover paid by banks comes at a time when a cooperative lender - New India Co-operative ...

The government is actively considering a hike in the deposit insurance limit for bank deposits from the present level of Rs 5 lakh within the next six months, a senior finance ministry official told ...

Good news for the depositors of New India Cooperative Bank! People whose money is deposited in this bank will soon get the money for insurance cover. The Reserve Bank of India (RBI) has given this ...

The crisis at a cooperative bank has thrown attention on the need to increase the deposit insurance limit and explore a risk-based premium model for the deposit insurance fund. As the Reserve Bank ...

The PMC Bank crisis served as a wake-up call, leading to the government’s decision in 2020 to increase the deposit insurance coverage from Rs 1 lakh to Rs 5 lakh. Despite this, the New India ...

They account for most claims despite only contributing a small portion of insurance premiums. The recent moratorium on New India Cooperative Bank highlights ongoing risks in this segment.

Deposit insurance, as we know it today ... General Manager and Head of Accounts of the New India Cooperative Bank, for allegedly misappropriating Rs 122 crore from the bank.

This comment, made soon after the Mumbai-based New India Cooperative Bank was placed under a moratorium by the Reserve Bank of India (RBI), rakes up the issue of deposit insurance again.