Hyderabad, Jan. 31 -- All India Bank Employees' Association (AIBEA) on Friday appealed to Union Finance Minister Nirmala Sitharaman to exempt public sector banks and commercial banks from the purview of Deposit Insurance Scheme (DIS) in view of Section of 45 of Banking Regulations Act.
''We learnt from the media reports that the RBI and Government are toying with the idea of further increasing the insurance cover for bank eposits under the Deposit Insurance Scheme'', AIBEA General Secretary Ch Venkatachalam pointed out in a letter to the Finance Minister.
He said for cooperative banks, the premium should be charged only on the deposit amount insured and not on the total assessable deposits of the bank.
Venkatachalam said ''Year after yea...