Current Affairs · Banking & Financial Sector Reforms
Consider the following statements regarding the two-tier rating system and the revised deposit insurance premium rates introduced by the DICGC: 1. The revised framework spans four rating categories and will come into effect from April 1, 2026, explicitly dropping the premium for Category A banks from a flat 12 paise to 8 paise per ₹100 of deposits. 2. Under the new risk-based premium model, banks classified as Category B will be required to pay a revised premium of 11 paise per ₹100 of deposits, translating to a 16.67% discount. 3. Category C banks will receive an 8.33% discount, lowering their deposit insurance premium rate to 10 paise per ₹100 of deposits per annum. Which of the statements given above is/are correct?
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