Indian bank deposits better protected than in US: SBI report

Mar 20, 2023

Analysis of insured customer deposits across multiple geographies initiated in the wake of bank runs across developed economies reveal US's top 10 banks deposits...

US lender Silicon Valley Bank fails after run on deposits

Mar 11, 2023

The bank's failure is the second-largest in US history, and the largest since the financial crisis of 2008, NYT said.

Deposit insurers may look for full coverage for small depositors, senior citizens: RBI Deputy Governor M. Rajeshwar Rao

Aug 19, 2024

Asserting that full insurance coverage for all depositors appears somewhat financially non-viable, RBI Deputy Governor M. Rajeshwar Rao suggested that if this could be...

Another US bank closed, JP Morgan to acquire assets of First Republic Bank

May 01, 2023

US-based First Republic Bank was closed on Monday (local time) by the local regulators and entered into an agreement with JP Morgan Chase Bank...

First Citizens Bank acquires deposits and loans of failed Silicon Valley Bank

Mar 27, 2023

The Federal Deposit Insurance Corporation (FDIC) entered into a purchase and assumption agreement for all deposits and loans of recently failed US-based Silicon Valley...

Bank of Baroda increases interest rates on retail term deposits

Mar 17, 2023

Bank of Baroda on Friday announced it will increase interest rates on domestic retail term deposits -- including NRO and NRE term deposits, by...