New Delhi: The Governor of the Bank of India (RBI) Reserve Shaktikanta Das on Sunday warns depositors to be careful when pursuing higher results.
Speaking on ‘Depositor First: Guaranteed Payment of Insurance Deposit Time to RS 5 Lakh Here, the Governor of RBI said India could be a “gross driver” of the world economy if all stakeholders work together.
He stated that RBI was proactive in strengthening the Bank Corporate Governance Guidelines to ensure that the banking system remained strong and resilient.
“Two significant milestones have been achieved recently in the banking system.
After the 27-year-old gap, we have increased the closure from Rs 1 Lakh to RS 5 Lakh for this depositan.
Rs 1 Lakh was set in 1993.
The second significant change is that in 90 The Bank’s day must provide guaranteed deposits.
“Das added.
PM Modi and Finance Minister Union Nirmala Sitharaman also attended the event.
During the event, Prime Minister Narendra Modi submitted a symbolic examination to the bank depositors who failed to return their money, under ‘Depository first: payment of deposit deposits is guaranteed time to the RS 5 lakh scheme.
With the insurance coverage of RS 5 Lakh deposit per depositors per bank, the number of accounts that are fully protected at the end of the previous financial year constitute 98.1 percent of the total number of accounts, as against international benchmarks 80 percent.
(With input from the agency)