Search For "deposit insurance"
RBI's Risk-Based deposit insurance premium framework to boost stronger ban
Updated : 1 week, 3 days ago IST
The framework, released on February 6, 2026, replaces the existing flat premium rate of 12 paise per Rs. 100 of assessable deposits (AD) with a differential pricing structure. Under the revised system, banks will be categorised based on risk scores derived from the Deposit Insurance and Cred
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RBI discusses global, domestic economic situation, challenges at board mee
Updated : 3 months, 1 week ago IST
"The Board approved the risk-based deposit insurance framework for banks and also reviewed the activities of select Central Office Departments and the draft Report on Trend and Progress of Banking in India, 2024-25," RBI said in a statement.
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Government actively considering raising deposit insurance limit beyond Rs
Updated : 1 year, 1 month ago IST
Deposit insurance, as we know it today, was introduced in India in 1962. India was the second country in the world to introduce such a scheme, the first being the US in 1933. Banking crises and bank failures worldwide underscored the need for depositor protection.
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RBI supersedes New India Cooperative Bank board for 12 months
Updated : 1 year, 1 month ago IST
Reserve Bank of India superseded the Board of Directors of New India Cooperative Bank Ltd, Mumbai, for a period of 12 months, the central bank said in a statement Friday, a day after it imposed several restrictions on the lender.
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Panicky customers flock to New India Co-operative Bank branches after RBI
Updated : 1 year, 1 month ago IST
Account holders in thousands gathered outside Mumbai-headquartered New India Co-operative Bank Limited branches to withdraw their hard-earned savings, soon after the Reserve Bank of India put several restrictions on the lender.
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Deposit insurers may look for full coverage for small depositors, senior c
Updated : 1 year, 7 months ago IST
Asserting that full insurance coverage for all depositors appears somewhat financially non-viable, RBI Deputy Governor M. Rajeshwar Rao suggested that if this could be given to certain sections of the customers -- small depositors, senior citizens, or pools deposits of smaller depositors
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RBI Dy Governor highlights urgent need to evolve deposit insurance system
Updated : 1 year, 7 months ago IST
Reserve Bank of India (RBI) Deputy Governor Michael Patra underscored the urgent need for evolving deposit insurance systems to meet the challenges posed by rapid financial innovation and climate change at an event organised by the Deposit Insurance Corporation of Global Communities (DICGC)
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JPMorgan is cutting about 1,000 First Republic Bank employees
Updated : 2 years, 10 months ago IST
JPMorgan acquired most of First Republic's assets earlier this month after the San Francisco-based regional bank was seized by the government, according to CNN Business. It marked the second-biggest bank failure in US history.
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After US bank failures, agencies directed to analyse deposit insurance mec
Updated : 2 years, 10 months ago IST
Following the failures of a few US banks, Federal Deposit Insurance Corporation (FDIC) Chairman Martin J Gruenberg directed the relevant agencies to conduct an analysis of the current deposit insurance framework and identify reform options as well as additional tools that can be used to maxi
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First Republic Bank in San Francisco closed by CDFPI
Updated : 2 years, 10 months ago IST
First Republic Bank in San Francisco, California was closed on Monday by the California Department of Financial Protection and Innovation (CDFPI), which appointed the Federal Deposit Insurance Corporation (FDIC) as a receiver, the FDIC said in a press release.
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Another US bank closed, JP Morgan to acquire assets of First Republic Bank
Updated : 2 years, 10 months ago IST
US-based First Republic Bank was closed on Monday (local time) by the local regulators and entered into an agreement with JP Morgan Chase Bank to purchase and assume all deposits and assets of the troubled bank in a bid to protect depositors.
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First Citizens Bank acquires deposits and loans of failed Silicon Valley B
Updated : 2 years, 12 months ago IST
The Federal Deposit Insurance Corporation (FDIC) entered into a purchase and assumption agreement for all deposits and loans of recently failed US-based Silicon Valley Bridge Bank by First-Citizens Bank and Trust Company, Raleigh, North Carolina.
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