Speedier settlement of deposit insurance claims by making direct payments to customers can boost coverage and lead to improvement in services, according to study by Reserve Bank of India (RBI) staffers.
The country's deposit insurance system has evolved over the years courtesy an enhanced coverage limit and the deposit insurance fund.
Deposit insurance, which has been in existence in India for over 60 years, is crucial to the financial stability and protection of depositors.
The system has been adopted by many jurisdictions in the world.
Denne historien er fra June 20, 2024-utgaven av Business Standard.
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Denne historien er fra June 20, 2024-utgaven av Business Standard.
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