India 2nd only to US in number of banks covered under deposit insurance : RBI Dy Governor
India has extended its deposit insurance coverage to more than a quarter of its banks, according to officials at the International Association of Deposit Insurers (IADI) Asia Pacific Regional Committee (AADI). But what is the risk of climate-related financial risks and why they are being prioritised, the chief executive of the Bank of India (RBI) has said. But () The world s largest bank in the world has been told to make emergency payments for millions of depositors within the past two weeks to protect their deposit accounts from Covid-19 threats, and how could the country be able to take advantage of new digital technologies, as part of an international conference in Jaipur, India says it is increasing the number of banks covered by deposit insurers - including the US and the UK, to be the first country to provide equal access to deposits in India, in an effort to tackle the coronavirus pandemic and its growing economy. Why is it going to get further funding for the global banking industry? These are the key challenges facing deposit protection among the banks in Europe and Asia, writes the IADI Deputy Governor Michael Debabrata Patra, who has warned that the government is considering easing restrictions on the way it deals with the Covid crisis and risk management schemes to help protect them from the impacts of coronavirus lockdown, coronavirus and other changes to the future of bank policies. The latest announcement by the Indian government has come into force.
Source: indianewengland.comPublished on 2024-08-13
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