..............Finally, even before the issue of new banking licences is settled, it is time Dr Subbarao recognizes the urgent need to review and increase the deposit insurance cover of Rs1 lakh (as at present) to a realistic figure of say Rs25 lakh for an individual or Rs50 lakh for a couple, if held in joint names. While savings are encouraged, the insurance cover of Rs1 lakh necessitates the account holder to open in accounts in number of banks to protect his savings. This ludicrous coverage must be revised immediately............
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
No comments:
Post a Comment