It’s time for a complete overhaul of bank deposit insurance
[ad_1] The government is “actively considering” a hike in India’s deposit insurance limit beyond the current â‚ą5 lakh, according to M. Nagaraju, secretary, department of financial services. 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…