RBI Board Meets in Hyderabad, Approves Risk-Based Deposit Insurance, Reviews Economy

• RBI's 620th central board meeting held in Hyderabad, chaired by Governor Sanjay Malhotra.
• Board approved a new risk-based deposit insurance framework for banks.
• Reviewed current global and domestic economic situation and challenges.
• Also reviewed activities of select Central Office Departments and draft Report on Trend and Progress of Banking in India, 2024-25.
• Deputy Governors T Rabi Sankar, Swaminathan J, Poonam Gupta, Shirish Chandra Murmu, and other directors attended.

Why It Matters: RBI's board approved risk-based deposit insurance and assessed the economic landscape in Hyderabad.