OTHER GROUP COMPANIES
market

China gears up to launch deposit insurance policy

The People’s Bank of China’s financial stability report said that China is ready in various aspects to launch a deposit insurance system

June 05, 2013 3:52 IST | India Infoline News Service
China is all set to launch a long-pending deposit insurance system after a consensus has been reached within the government, according to a media report.

The People’s Bank of China’s financial stability report said that China is ready in various aspects to launch a deposit insurance system.

The central bank had published a summary of the financial stability report in May. It is expected to issue the full report on its website sometime in the coming months.

A deposit insurance policy is a measure to protect depositors from losses caused by a bank's inability to pay back deposits when they come due.


OPEN A DEMAT ACCOUNT & Get
FREE Benefits Worth 5,000

FEATURED ARTICLE

BLOGS

Open Demat Account
  • 0

    Per Order for ETF & Mutual Funds Brokerage

  • 20

    Per Order for Delivery, Intraday, F&O, Currency & Commodity