Is Money Deposited in Banks Safe? Part-1
Many of the depositors in the public sector banks are worried after the Punjab and Maharashtra Co-operative Bank (PMC) fiasco.
Many of the depositors in the public sector banks are worried after the Punjab and Maharashtra Co-operative Bank (PMC) fiasco. In this context, Union Finance Minister Nirmala Sitharaman, in her Budget speech 2020, proposed to hike the bank deposit insurance in private banks to Rs 5 lakh per depositor from the current Rs 1 lakh. In this regard, NewsClick spoke to CP Krishnan, Joint Secretary of Bank Employees Federation of India (BEFI).
Get the latest reports & analysis with people's perspective on Protests, movements & deep analytical videos, discussions of the current affairs in your Telegram app. Subscribe to NewsClick's Telegram channel & get Real-Time updates on stories, as they get published on our website.
