Hyderabad, Dec. 19 -- The Central Board of Directors of the Reserve Bank of India (RBI) discussed the global and domestic economic situation and associated challenges at the 620th meeting held in Hyderabad under the Chairmanship of Governor Sanjay Malhotra.

"The Board discussed global and domestic economic situation and associated challenges. It approved the risk-based deposit insurance framework for banks. The Board also reviewed the activities of select Central Office Departments and the draft

Report on Trend and Progress of Banking in India, 2024-25," the central bank said in a statement.

"The Board approved the risk-based deposit insurance framework for banks and also reviewed the activities of select Central Office Departments and...