Depositors must be cautious whereas chasing excessive returns: Governor Das

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.)

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First Printed: Solar, December 12 2021. 13:08 IST