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FRDI BILL
FinMin working on FRDI bill, says SitharamanThe comments assume importance given the massive five-fold hike in deposit insurance and the recent changes in the insolvency laws that inc...- How to make the FRDI bill more effectiveThe new Act should consider keeping its ripple effects on other laws to the minimum.
- FRDI bill dropped: Relief for bank customers as deposit insurance scheme will continueAll commercial banks and bank deposits will continue to be insured under the Deposit Insurance and Credit Guarantee Corporation (DICGC).
- The Bill that spooked bank customers across India has been withdrawnThe govt decided to withdraw FRDI Bill due to fear among the public about the the 'bail-in' clause.
- Government to withdraw FRDI bill; writes to Parliamentary panelThe Bill, introduced in the Lok Sabha, on August 11 last year, had a 'bail-in' clause, which some experts said had the potential to harm de...
- Government likely to withdraw controversial FRDI Bill in current Parliament sessionThe government is likely to withdraw the controversial FRDI Bill in the ongoing session of Parliament in view of concerns over the 'bail-in...
- House panel to examine ‘bail in’ clause of FRDI Bill, to meet todayThe Bill proposes to establish a comprehensive resolution regime to enable timely and orderly resolution of a failing financial firm.
- What is a bank run? It's in full swing in Telangana and Andhra PradeshBanks in Telangana and AP are witnessing long queues for the closure of fixed deposits as well as withdrawals from saving bank accounts.
- Misgivings about FRDI Bill 'entirely misplaced': Finance MinistryThe Financial Resolution and Deposit Insurance Bill (FRDI), 2017 provides only "additional protections" to the depositors in a more transpa...
- Government open to raising deposit insurance cap of Rs 1 lakh: Arun Jaitley on FRDI BillThe finance ministry statement said the FRDI provides only "additional protections" to the depositors in a more transparent manner.
- FRDI Bill: Worried HNIs dial money managers over bail-in clauseMoney managers are receiving queries from clients regarding withdrawal of their deposits, despite assurances from the finance minister and ...
- How FRDI bill can save failing banks without touching your depositsThe best way out is to amend the bill to specifically exclude deposits from the liabilities that the Resolution Corporation could choose fo...
- View: Worry not over FRDI bill, it's just undue fear fanning mass hysteriaLet us understand that what the FRDI Bill proposes is to enhance the degree of security ordinary people’s savings have at present, not take...
- Modi government unlikely to table FRDI Bill in Budget SessionIt also comes at a time when concerns have been raised in some quarters about certain provisions of the bill, which was introduced in the L...
- FRDI contemplating increase in deposit insurance cover: ReportThe report said that data on Cross Country Deposit insurance Coverage limit shows that Deposit insurance coverage in India is one of the lo...
- Bank union threatens strike if FRDI Bill not amendedThe so-called "bail-in" clause in the draft legislation has been commented upon by experts as of bringing potential harm to deposits, in th...
- New FRDI Bill won't take away your money in the bank: Finance ministryThe FRDI Bill's privisions do not modify current protections for depositors adversely at all, the ministry held, adding that these only pro...
- Why is everyone scared of the Financial Resolution and Deposit Insurance Bill?The bill purportedly allows failing banks to use depositors money to cut losses. A petition against it has already garnered over 70,000 sig...
- Online petition against FRDI Bill gets thousands of signupsMeanwhile, the finance Ministry today said that the FRDI Bill is depositor friendly and provides more protection to them compared to existi...
- Government committed to protecting rights of depositors: Arun JaitleyThe government tabled the Financial Resolution and Deposit Insurance Bill, 2017 in August in the Lok Sabha, which was referred to a Joint C...
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