New Deposit Insurance Premium Structure

Press Information Bureau

Government of India

Ministry of Finance

22-November-2012 16:48 IST

The proposal of the Deposit Insurance and Credit Guarantee Corporation (DICGC) for risk-based deposit insurance premium structure has been examined by the Government. DICGC has been advised to fine-tune its proposal keeping in view the risk profile of various banks within the same bank-group. The Government has not received final proposal from DICGC. Further, DICGC has also not indicated to the Government the financial implications of the risk-based deposit insurance premium structure.

This was stated by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in the Rajya Sabha today.

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