Will Your Money Sink Along With Banks?

Can this government be trusted again?  

If banks sink, then people will only get back Rs 1 lakh. The rest of one's money will be lost. Will the government be able to save your hard-earned savings? Two years back, Modi government attempted to bring in a law through which banks can pay off bad loans through the public's savings. But due to widespread protests, the government had to take it back. Can this government be trusted again?