Insurance of Bank Deposits: Some Issues

Authors

  • Ela Sen Senior Manager (Retd.), Indian Bank, Kolkata

DOI:

https://doi.org/10.33516/maj.v56i12.27-29p

Keywords:

No Keywords.

Abstract

Bank deposit insurance is different from other insurance business. Apart from protecting individual’s asset it has a broader perspective, i.e., ensuring country’s financial stability. International authorities strongly advocate for installing DI system in each and every country. It has some features which are unique to this type of insurance and has made its design a complicated task. IMF has developed some basic guidelines which need to be followed before installing a DI system. India has a DI system but its function has been limited so far as majority of the banks enjoy implicit guarantee. In the emerging privatised era the DICs will have to play a more significant role.

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Published

2021-12-31

How to Cite

Sen, E. (2021). Insurance of Bank Deposits: Some Issues. The Management Accountant Journal, 56(12), 27–29. https://doi.org/10.33516/maj.v56i12.27-29p

Issue

Section

Cover Story

References

IMF Working Paper- Deposit Insurance Data Base (Kunt, Kane, Leaven, July 2014).

IMF Working Paper - A survey of actual and best practices (Garcia, April 1999)

IADI Guide Lines

Bank Run and Moral hazard, WB Report (Anginer, Kunt September 2018)

DIS Emerging challenges, WB Report (November 2017)

Pricing of DI, web articles

Core principles for DIS, BIS (December 2010)

Core principles for DIS, IADI (November 2014)

Decline of private insurance in US, web article (Calomiris, 1993)

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