Safe Deposits
The RBI, the extended arm of the government, which licenses the banks, has full responsibility to ensure full protection to bank deposits. The government therefore needs to regulate fully and protect all deposits in all banks because the deposits belong to the depositing public no matter whether the bank is privately owned, governmentowned, or a cooperative
Nirmala Sitharaman Depositor Insurance Corporation Credit Guarantee Corporation Of India Deposit Insurance Corporation District Central Cooperative Banks Laxmi Bank
Source: thestatesman.com