Financial Resolution And Deposit Insurance

Amid US administration's move to backstop collapsed Silicon Valley Bank's (SVB) deposits, IT minister Ashwini Vaishnaw has said the developments are "reassuring" and will bring relief to startups. "SVB resolution is reassuring. (It) will bring relief to startups," Vaishnaw told PTI.

Nearly a year after introducing it in the Lok Sabha, the government on Tuesday withdrew the Financial Resolution and Deposit Insurance (FRDI) Bill following widespread concerns over certain provisions in the proposed legislation.

Nearly a year after introducing it in the Lok Sabha, the government today withdrew the Financial Resolution and Deposit Insurance or FRDI Bill following widespread concerns over certain provisions in the proposed legislation.

The Rs 20,000-crore plus Nirav Modi scam has led to the collapse of Punjab National Bank's share value and also posed a big question mark on the accountability and regulatory systems that govern our government-owned banks. Common investors and depositors have suffered while Mr Modi is celebrating in his luxury hotel suite in New York.

According to the Ministry of Finance, there is presently no comprehensive and integrated legal framework for resolution, including "liquidation, of financial firms in India".

Finance minister assures Lok Sabha that money of all depositors in public sector banks will be protected.

The joint committee on the FRDI Bill, 2017 has decided to seek extension of time up to the last day of Budget Session, 2018

The Financial Resolution and Deposit Insurance Bill may not be introduced in Parliament even during the Budget Session, as the joint committee looking into it today got an extension for submitting its report.

Prime Minister Narendra Modi has assured people that their bank deposits will be safe and that their interests will not be harmed in any way, amid worries over what is being called a "bail-in" provision in a new proposed banking law. PM Modi described them as rumours and asserted that the proposed Financial Resolution and Deposit Insurance (FRDI) B...

The Bill has created widespread fear, apprehension and panic amongst the depositors, said the All India Bank Employees Association.

A proposed law which the government claims will help contain the impact of a failing bank is also designed to protect the rights of depositors, Finance Minister Arun Jaitley has said to allay worries that a "bail-in" provision allows depositors' money to be used by weak institutions to pay out of a total collapse. The Financial Resolution and Depos...

The Financial Resolution and Deposit Insurance Bill, 2017 (FRDI Bill), was introduced in the Lok Sabha on August 11, 2017. The bill is presently under consideration of the Joint Committee of Parliament.

Finance Minister Arun Jaitley on Thursday said the proposed FRDI Bill protects the rights of depositors, denying reports to the contrary.

The government has recently enacted the Insolvency and Bankruptcy Code, 2016 for the insolvency resolution of non-financial entities.

Amid US administration's move to backstop collapsed Silicon Valley Bank's (SVB) deposits, IT minister Ashwini Vaishnaw has said the developments are "reassuring" and will bring relief to startups. "SVB resolution is reassuring. (It) will bring relief to startups," Vaishnaw told PTI.

Nearly a year after introducing it in the Lok Sabha, the government on Tuesday withdrew the Financial Resolution and Deposit Insurance (FRDI) Bill following widespread concerns over certain provisions in the proposed legislation.

Nearly a year after introducing it in the Lok Sabha, the government today withdrew the Financial Resolution and Deposit Insurance or FRDI Bill following widespread concerns over certain provisions in the proposed legislation.

The Rs 20,000-crore plus Nirav Modi scam has led to the collapse of Punjab National Bank's share value and also posed a big question mark on the accountability and regulatory systems that govern our government-owned banks. Common investors and depositors have suffered while Mr Modi is celebrating in his luxury hotel suite in New York.

According to the Ministry of Finance, there is presently no comprehensive and integrated legal framework for resolution, including "liquidation, of financial firms in India".

Finance minister assures Lok Sabha that money of all depositors in public sector banks will be protected.

The joint committee on the FRDI Bill, 2017 has decided to seek extension of time up to the last day of Budget Session, 2018

The Financial Resolution and Deposit Insurance Bill may not be introduced in Parliament even during the Budget Session, as the joint committee looking into it today got an extension for submitting its report.

Prime Minister Narendra Modi has assured people that their bank deposits will be safe and that their interests will not be harmed in any way, amid worries over what is being called a "bail-in" provision in a new proposed banking law. PM Modi described them as rumours and asserted that the proposed Financial Resolution and Deposit Insurance (FRDI) B...

The Bill has created widespread fear, apprehension and panic amongst the depositors, said the All India Bank Employees Association.

A proposed law which the government claims will help contain the impact of a failing bank is also designed to protect the rights of depositors, Finance Minister Arun Jaitley has said to allay worries that a "bail-in" provision allows depositors' money to be used by weak institutions to pay out of a total collapse. The Financial Resolution and Depos...

The Financial Resolution and Deposit Insurance Bill, 2017 (FRDI Bill), was introduced in the Lok Sabha on August 11, 2017. The bill is presently under consideration of the Joint Committee of Parliament.

Finance Minister Arun Jaitley on Thursday said the proposed FRDI Bill protects the rights of depositors, denying reports to the contrary.

The government has recently enacted the Insolvency and Bankruptcy Code, 2016 for the insolvency resolution of non-financial entities.