Depositors First News Today : Breaking News, Live Updates & Top Stories | Vimarsana

NEW DELHI, Dec 12: Prime Minister Narendra Modi today said deposit insurance reforms undertaken by the Government will instil confidence in account holders on the banking system. Parliament in August passed the Deposit Insurance and Credit Guarantee Corporation (Amendment) Bill, 2021, ensuring that account holders get up to Rs 5 lakh within 90 days of the RBI imposing a moratorium on the banks. This was done keeping the ‘Depositors First’ spirit in mind, Modi said while announcing that over 1 […]

Deposit insurance reforms undertaken by the government will instil confidence in account holders on the banking system

Deposit insurance reforms undertaken by the government will instil confidence in account holders on the banking system

Prime Minister Shri Narendra Modi addressed a function on “Depositors First: Guaranteed Time-bound Deposit Insurance Payment up to Rs. 5 L

Shaktikanta Das said the Reserve Bank remains committed to ensuring that the banking system remains robust and resilient but it has to be a joint effort.