According to State Bank of India Chairman Rajnish Kumar, the increase in deposit insurance limit from existing Rs one lakh to Rs 5 lakh was necessary. (File photo) According to State Bank of India Chairman Rajnish Kumar, the increase in deposit insurance limit from existing Rs one lakh to Rs 5 lakh was necessary. So, that impact, when it comes, we will have to pay the price.” He was responding to a query on the potential impact on banks if telcos went bankrupt. Banks have an exposure of as much as Rs 49,463 crore to Vodafone. As for AGR dues, Bharti Airtel owes Rs 35,586 crore, Tate Teleservices Rs 13,823 crore and Reliance Communications Rs 20,434 crore.

Source: Indian Express February 15, 2020 20:03 UTC