After hike in limit, over 50% of bank deposits now insured: Economic survey

In terms of amount, the total insured deposits (Rs 76.2 lakh crore) as at end-March 2021 constituted 50.9 per cent (up from about 30 per cent under Rs 1 lakh cover) of the total assessable deposits (Rs 149.7 lakh crore) as against the international benchmark of 20-30 per cent, stated the survey.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/tMvrBN0iI
via IFTTT

Comments

Post a Comment

Popular posts from this blog

India's Paytm Payments Bank granted status upgrade

Image
Paytm Payments Bank, a niche bank that cannot lend on its own, had more than 64 million savings accounts and over 52 billion Indian rupees ($688.5 million) deposits, including savings accounts, current accounts and fixed deposits with partner banks at the end of March this year. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/3pJr1JN via IFTTT
Read more