Co-op banks’ body proposes Rs 5 lakh cover for deposits, risk-based premium

In a letter to FM Nirmala Sitharaman, representatives of Sahakar Bharati, which is associated with more than 20,000 co-operatives across India, have suggested raising the deposit insurance limit for individual account holders to Rs 5 lakh from Rs 1 lakh while that for institutional customers to Rs 25 lakh.

from Banking/Finance-Industry-Economic Times https://ift.tt/32MD7Vh