Deposit cover premium to increase marginally

The five-fold increase in deposit insurance will not have a significant impact on banks’ balance sheets. The RBI has increased the premium on bank deposits by only 20% to 12 paise from 10 paise for every Rs 100. ​

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2tBl1dc