Reserve Financial institution of India (RBI) Governor Shaktikanta Das on Sunday cautioned depositors to watch out whereas chasing excessive returns because it comes with greater danger.
Das stated excessive returns include greater danger, so depositors must be discerning sufficient whereas chasing returns.
Talking on the ‘Depositors First: Assured Time-bound Deposit Insurance coverage Cost as much as Rs 5 lakh’, he stated the RBI stays dedicated to making sure that the banking system stays strong and resilient.
(Solely the headline and movie of this report might have been reworked by the Enterprise Commonplace employees; the remainder of the content material is auto-generated from a syndicated feed.)
Pricey Reader,
Enterprise Commonplace has at all times strived arduous to offer up-to-date info and commentary on developments which can be of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on easy methods to enhance our providing have solely made our resolve and dedication to those beliefs stronger. Even throughout these troublesome occasions arising out of Covid-19, we proceed to stay dedicated to retaining you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical problems with relevance.
We, nevertheless, have a request.
As we battle the financial influence of the pandemic, we want your help much more, in order that we will proceed to give you extra high quality content material. Our subscription mannequin has seen an encouraging response from lots of you, who’ve subscribed to our on-line content material. Extra subscription to our on-line content material can solely assist us obtain the targets of providing you even higher and extra related content material. We imagine in free, truthful and credible journalism. Your help by extra subscriptions will help us practise the journalism to which we’re dedicated.
Help high quality journalism and subscribe to Enterprise Commonplace.
Digital Editor
First Printed: Solar, December 12 2021. 13:08 IST
https://www.business-standard.com/article/markets/depositors-should-be-careful-while-chasing-high-returns-governor-das-121121200303_1.html