RBI Approves Risk-Based Deposit Insurance Framework for Banks

• RBI's central board approved a risk-based deposit insurance framework for banks.
• The decision was made at the 620th meeting in Hyderabad, chaired by Governor Sanjay Malhotra.
• Board discussed global and domestic economic situations and associated challenges.
• Reviewed central office departments and examined the draft Report on Trend and Progress of Banking in India, 2024-25.
• Deputy Governors T Rabi Sankar, Swaminathan J, Dr Poonam Gupta, Shirish Chandra Murmu, and other board members attended.

Why It Matters: RBI board approves new risk-based deposit insurance framework for banks.