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RBI for risk-based premium for deposit insurance

It’ll ensure that institutions with higher risk profiles contribute more to the insurance fund: Dy Guv

RBI for risk-based premium for deposit insurance

RBI for risk-based premium for deposit insurance
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15 Aug 2024 6:40 AM IST

Strengthening oversight mechanisms key for regularly updating frameworks to incorporate emerging risks associated with digital payments, cybersecurity, and fintech innovations -- Swaminathan J, Dy Governor, RBI

Jaipur: Reserve Bank Deputy Governor Swaminathan J on Wednesday said implementation of risk-based premium for deposit insurance merits consideration as it will ensure that institutions with higher risk profiles contribute more to the insurance fund.

Speaking at a conference here, he also said that as the financial sector becomes more digitised, deposit insurers must work closely with regulators and supervisors to strengthen oversight mechanisms.

risk-based premium deposit insurance higher risk profiles financial sector digitization oversight mechanisms Reserve Bank 
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