FINANCIAL RESOLUTION AND DEPOSIT INSURANCE BILL
New FRDI Bill won't take away your money in the bank: Finance ministry
The FRDI Bill's privisions do not modify current protections for depositors adversely at all, the ministry held, adding that these only provide additional cover.
The Bill that spooked bank customers across India has been withdrawn
The govt decided to withdraw FRDI Bill due to fear among the public abou...
FRDI contemplating increase in deposit insurance cover: Report
The report said that data on Cross Country Deposit insurance Coverage limit sh...
Bill to address bankruptcy in financial sector in next Parliament session: Finance Ministry
The proposed bill will cover all financial service providers that include banks, NBFCs and microfinance institutions which have money deposited, a senior finance ministry official has said.
Government to withdraw FRDI bill; writes to Parliamentary panel
The 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 deposits in savings bank accounts.
Introduction of bill to deal with insolvency a significant step: Economic Affairs Secretary
"Financial Resolution and Deposit Insurance Bill, 2017 introduced in Lok Sabha today. A significant step to bring in financial firm resolution," Garg said in a tweet.
Cabinet clears bills to amend IBC and withdraw FRDI
The cabinet on Wednesday also approved the Insolvency and Bankruptcy Code (IBC) Amendment Bill 2018 that will replace the ordinance the government had promulgated to recognise homebuyers as financial creditors.
How safe are your deposits if your bank fails? Read about the bail-in option
The provision that finds its origins in the European banking crisis of 2008-09 has raised a red flag after which the Centre hinted at reviewing the plan.
5 things India Inc needs to do to lift corporate bond market
The size of India’s corporate bond market is just 16 per cent of GDP.
Parliamentary panel to invite RBI governor to brief on FRDI Bill
The panel has decided to invite Urjit Patel at a time when the bill was opposed by the bank unions who have also requested the finance minister to withdraw this legislation.
Government open to raising deposit insurance cap of Rs 1 lakh: Arun Jaitley on FRDI Bill
The finance ministry statement said the FRDI provides only "additional protections" to the depositors in a more transparent manner.
Government likely to withdraw controversial FRDI Bill in current Parliament session
The government is likely to withdraw the controversial FRDI Bill in the ongoing session of Parliament in view of concerns over the 'bail-in' clause, which is feared to harm the interest of depositors, sources said.
How Parliament can reform its ailing public sector banks
Non-performing loans of PSBs, accounting for nearly 70% of bank deposits, have crossed 5% of GDP.
NDA government lines up key Bills for winter session
Bills on instant talaq, FRDI and transgender rights likely to be introduced in the short Parliament session that begins today and will go on till January 5.
Government worried about winter session fate due to opposition hurdles
Opposition has disrupted proceedings in the Rajya Sabha and sought setting aside of all business to discuss Prime Minister Narendra Modi’s remarks against his predecessor Manmohan Singh.
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