RBI board gives nod to deposit insurance rates based on risks
The Reserve Bank of India's central board has approved a shift to a risk-based pricing system for deposit insurance, moving away from the current uniform premium. This reform will allow better-rated banks to pay lower premiums, while weaker institutions will face higher charges, reflecting their financial strength.
The Reserve Bank of India's central board has approved a shift to a risk-based pricing system for deposit insurance, moving away from the current uniform premium. This reform will allow better-rated banks to pay lower premiums, while weaker institutions will face higher charges, reflecting their financial strength.
