Higher insurance for bank deposits: who will pay for it and why? - Moneylife

Higher insurance for bank deposits: who will pay for it and why? - Moneylife

The information given out by Moneylife about the ‘sources’ and ‘uses’ of premium by Deposit Insurance Corporation is revealing. When banks work under a regulatory system, government and regulators have to take the responsibility of protecting the interests of all depositors. Protecting depositors’ interests has to be seen from a different angle as compared to other types of insurance. High time, someone looked seriously into the working of ‘failing’ cooperative banks. Not only cooperatives, regulators and supervisors should not wait for fresh legislations  for safeguarding the interests of small savers and investors who are misguided by miscreants.

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