Tag Archives: differential deposit cover

MUMBAI: India’s deposit insurance fund, close to Rs 2 lakh crore, is the third-largest globally. However, it covers only 46.3% of bank deposits due to the Rs 5 lakh cap on insurance coverage, putting it on the 8th position in terms of coverage.According to bankers, the scheme is adequate as most deposits are with public sector banks or systemically-important banks …