FinMin to discuss hiking deposit insurance limit with PSBs on March 4

This is the first review meeting of the finance ministry with PSBs after the Union Budget 2025-26

Department of Financial Services (DFS) Secretary M Nagaraju will chair a review meeting with managing directors (MDs) and chief executive officers (CEOs) of public sector banks (PSBs) on March 4 to discuss several issues, including raising the deposit insurance limit, potentially up to ₹15 lakh, according to a senior government official. DFS is a part of the Ministry of Finance.

 

“The meeting is very crucial for the PSBs as the New India Co-operative Bank crisis happened last week. The views of PSBs will be sought on hiking the deposit insurance limit. Also, the meeting is expected to examine the interest