Question
The Deposit Insurance and Credit Guarantee Corporation
allowed the customers of failed/stressed banks to withdraw upto Rs 5 lakh of deposit under the moratorium period and this amount equals to __________ of the total deposits held with banks.Solution
The Rs 5-lakh deposit insurance cover, which was last year raised from Rs 1 lakh, will address 98.3 per cent of all deposit accounts by number, and 50.9 per cent of deposits by value.
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