According to data submitted by the bank, 98.32 per cent of depositors are expected to receive the full amount of their deposits from DICGC
Does SVB collapse pose a contagion risk for India? Why is Apple so bullish on India? Is it time to shift focus from equities to debt? What is deposit insurance? All answers here
The crux of the issue is the bail-in provision, which seeks to allow a government entity to use depositors' money to save a bank on the verge of bankruptcy