Tag: DICGC deposit insurance
Photo: TGCWhen Banks Fail, Depositors Must Not Pay the Price
The PNB case exposes weaknesses in financial oversight. India must make institutional accountability, not merely customer compensation, the cornerstone of banking reform. A bank deposit represents far more than money. For millions of ordinary Indians, it is the product of decades of work, a family’s security and protection against an uncertain future. When that money…
