Deposit insurance cover hike may dent banks' net profit up to Rs 12K cr

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Deposit insurance cover hike may dent banks' net profit up to Rs 12K cr - Business Standard

Quick Summary:

While the proposed increase in the deposit insurance limit is not known, under various scenarios, the insured deposit ratio (IDR) may increase to 47.0-66.

Rupee records highest single day gain in three weeks; settles at 86.

This works out to a moderation in return on assets (RoA) of up to four basis points (bps) and return on equity (RoE) of up to 40 bps.