Current Affairs · Banking and Deposit Insurance
Consider the following statements regarding the RBI's proposed risk-based model for deposit insurance premiums set to be introduced from FY27: 1. Under the model, financially sound banks with robust capital adequacy will pay a higher flat rate premium than weaker banks. 2. The Deposit Insurance and Credit Guarantee Corporation (DICGC) operates under the DICGC Act, 1961. 3. The deposit insurance coverage limit remains fixed at ₹ 5 lakh per depositor per bank. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 41 and 3 only
Correct answer
2 and 3 only
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