RBI Governor Shaktikanta Das.

Photo: The Hindu

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. 

Sun, 12 Dec 2021 - 08:44 PM / by Brijesh Goswami

Tags: RBI GOVERNOR, Higher Returns, Righer Risks, Interest Rates, Depositors