New India Co-operative Bank scam: Govt actively considering raising deposit insurance limit beyond Rs 5 lakh

New India Co-operative Bank scam: Days after the Reserve Bank of India (RBI) superseded New India Co-operative Bank's board and barred it from allowing customers to withdraw funds from their deposit accounts, offering new loans, deposits, and making investments, M Nagaraju - Secretary at the Department of Financial Services - said that the government is actively considering raising the deposit insurance scheme limit beyond Rs 5 lakh

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