Is RBI in better shape among global Central bankers in insuring bank deposits?
U.S. and Swiss deposit insurance fund cover 1.27% and 1.6% respectively of insured bank deposits while it is 1.8% in India.
deposit insurance and credit guarantee corporation
March 2023
RBI's Deposit Insurance Fund covers 1.8% of bank deposits under ₹5 lakh
Division of RBI responsible for insuring the term deposits holds ₹1.46 lakh crore under the Deposit Insurance Fund. Of that, ₹81 lakh crore merits deposit insurance.
