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Indian government considers raising deposit insurance limit beyond Rs 5 lakh post-bank crisis.
The Indian government is considering raising the deposit insurance limit beyond the current Rs 5 lakh, following the crisis at New India Cooperative Bank.
This announcement comes after the Reserve Bank of India imposed restrictions on the bank due to poor governance and liquidity issues.
The Deposit Insurance and Credit Guarantee Corporation (DICGC) currently insures deposits up to Rs 5 lakh per depositor.
The last increase in the insurance limit was in 2020, from Rs 1 lakh to Rs 5 lakh.
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El gobierno indio considera elevar el límite del seguro de depósitos más allá de la crisis posterior al banco de Rs 5 lakh.