Reserve Bank of India (RBI) Governor Shaktikanta Das cautioned depositors to be careful while chasing high returns as it comes with greater risk.
Observing that depositors themselves also need to be very discerning, he said it is important to keep in mind that higher returns or higher interest rates are usually associated with higher risks.
“So, just because a bank is offering higher interest, the depositors themselves should be very careful before putting in money while chasing such high returns because usually, our experience is that high returns or high interest rates are associated with higher risks,” he said.
