News & Media 6th Jun 2026

Government may protect bank deposits upto Rupees 7.5 lakh 

Authors

Mukesh ChandSenior Counsel | Mumbai

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Our Partner, Mukesh Chand shares his insight in Mint, “Government may protect bank deposits upto Rupees 7.5 lakh .”

He highlights that Retail deposits form the backbone of the banking system and provide stable and low-cost funds for lending,” Chand said. “Given the margins that banks typically earn over their cost of funds, the incremental cost of higher insurance cover should be manageable and is a reasonable trade-off for enhancing trust in the banking system.

Read the article here

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