Fix the RBI for Public's Money in Banks; its Revenue Surplus Account - Collateral Security

Recent news

Maximum Insurance Coverage of 5 Lakhs for Bank Deposits is an Eye-Wash

Thanks for Your Valuable Support: The DICGC, the Insurance Company (a subsidiary of RBI), which is extending the Insurance will compensate only when the RBI declares a Bank as "Bankrupt". But, the RBI will never declare a Bank as "Bankrupt". Proof: The Insurance Corporation of the RBI, had collected Rs.88,523 cr. as Premium from Banks to date and paid out just Rs.296 cr. ...... written submission in the Rajya Sabha of MoS Finance as reported in Financial Express dated 10.12.2019. Rubbing Salt to Injury: The DICGC had increased the Premium for Insurance as the Insurance coverage had been increased from 1 Lakh to 5 Lakhs in the 2019-20 Union Budget.. No sooner the Banks will transfer the burden over us for no benefits.     

Dheenadhayalan Selvarajan
2 years ago