Tag: Financial Resolution and Deposit Insurance Bill
4 Results
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FRDI Bill will protect depositors’ money: Arun Jaitley
The Financial Resolution and Deposit Insurance (FRDI) Bill, 2017, aims to protect the money of all depositors in state-run banks and there is no need to create any fear psychosis, Finance Minister Arun Jaitley said on Thursday. He made this point while replying to a discussion in the Lok Sabha on the Supplementary Demand for …
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December 22, 2017 -
Remove ‘bail-in’ clause in FRDA Bill: Assocham
Assocham on Thursday urged the government to remove a clause in the Financial Resolution and Deposit Insurance (FRDA) Bill that seeks to treat bank depositors as other creditors and shareholders for “bail-in”. Assocham Secretary General DS Rawat said that in the Indian context, the concept of bail-in — especially by depositors — should be completely …
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December 14, 2017 -
Bank depositors worry about FRDI Bill
An online petition against allowing government banks to use your deposits is spreading like wild fire on social media. The petition started by a Mumbai woman has so far got over one lakh signups by the depositors who fear their money lying in banks will be wiped out once the Financial Resolution and Deposit Insurance …
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December 13, 2017 -
Par panel to invite RBI governor to brief on FRDI Bill
RBI Governor Urjit Patel is likely to brief the members of the parliamentary panel assessing the crucial Financial Resolution and Deposit Insurance (FRDI) Bill next month, a member said. The panel has decided to invite Patel at a time when the bill was opposed by the bank unions who have also requested the finance minister …
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October 6, 2017