Welcome to the world of facts and news: Centre considers raising insurance for deposits, more RBI scrutiny for banks

Centre considers raising insurance for deposits, more RBI scrutiny for banks

The plans come in the wake of the crisis at Mumbai-headquartered Punjab and Maharashtra Cooperative Bank (PMC) where customers have not been able to withdraw more than Rs 50,000 since late September when the central bank found violations of banking rules and under-reporting of bad loans.

from Hindustan Times - topnews https://ift.tt/2KazySd

No comments:

Post a Comment

Yellow.ai deploys 30% of global generative AI bots domestically

While markets like the US are mostly using GenAI for customer support in a bid to cut costs, India Inc. is using them as an opportunity to g...