Although considered to be generally safe, many banks have frozen depositors’ money because of weak financials. Private sector and cooperative banks are considered more vulnerable, but even IDBI was headed for trouble before LIC was made to buy it out. Clearly, interest rates on your bank fixed deposits are not the only criteria for an investment.
January 04, 2023 / 06:12 AM IST
Joydeep Sen is a corporate trainer (debt markets) and author
Tags: #banking #Banks #personal finance
first published: Jan 4, 2023 06:12 am
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