Reserve bank of india
RBI strictly did the PMC Bank, Yes Bank, IndusInd Bank and then New India Co-operative Bank in Maharashtra. Out of this, the government and the Reserve Bank of India have made a huge contribution in saving YES Bank and IndusInd Banks from drowning. All these banks had millions of crores of deposits of public, which reached the verge of drowning due to the wrong decisions of senior officers of banks, but in some way the Reserve Bank of India has succeeded in saving YES Bank and IndusInd Banks. At the same time, the investigation is currently going on in the PMC Bank, while the second RBI dismissed the board of New India Cooperative Bank and appointed Administrator.
Now you must be thinking that when your money is not safe in banks, then keep your money in the house or invest in some other place. If you are thinking like this, then your worry is valid, but we will tell you that if a bank sinks, then how much money you get back and in the eyes of RBI which banks are the most safe.
This bank safe in RBI’s eyes
State Bank of India, India’s largest government bank, is the safest in the list of public sector banks. SBI has more than 10,000 branches abroad along with the country. Talking about private bank, RBI considers HDFC Bank and ICICI Bank the most safe. Let us tell you that according to the business size, funds, number of branches of these banks and the facilities available to the customers, they can be considered the safest bank in the country.
How much money is received back when the bank sinks?
If a bank sinks and has deposited millions of rupees in it, then you are sure to suffer losses. Because according to the RBI rule, only a maximum of 5 lakh rupees are given to the customer in the event of drowning banks. For example, suppose you have deposited 10 lakh rupees in a bank and if that bank drowns, then you will get only 5 lakh rupees as an insurance.
The thing to be satisfied in all this is that after irregularities in PMC Bank of Maharashtra, M. Nagaraju, Secretary, Department of Financial Services, said that the government is actively considering increasing the deposits of deposits from the present five lakh rupees. A few days after the alleged scam of New India Co-operative Bank surfaced, Nagaraju said that work is going on on such a proposal.