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Reserve Bank of India to increase insurance cover on deposits

Reserve Bank of India will soon increase insurance cover on bank deposits.

Govt eases deposit-taking, managerial pay norms for companies

Ushering in an easier set of regulations, the government today relaxed deposit-taking norms for private companies and exempted the public sector entities from managerial remuneration restrictions.

Credit offtake growth slips to 10.2%; deposits up by 11.62%

Growth in non-food credit offtake from commercial banks slowed to 10.19 percent at Rs 65,24,257 crore for the fortnight ended March 6, according to Reserve Bank of India (RBI) data released Wednesday.

Bank deposits rise 14.8%, credit growth at 13.8%

Bank deposits grew 14.8 percent year-on-year to Rs 78,88,416 crore as of May 2, faster than credit growth, according to the RBI data.