Be Careful, Higher Internet Rate Means Higher Risk: RBI Governor
Reserve Bank of India (RBI) Governor Shaktikanta Das on December 12 warned depositors of chasing higher returns. Mr. Das said higher interest rates are usually associated with higher risks. ''There are institutions which are offering higher internet rates which are viable but depositors should always be very careful,'' he added. However, he praised the government for increasing insurance cover from Rs one lakh to five lakh on deposits.