Frdi Bill

The FRDI Bill seeks to offer a bail-in clause to banks, which many fear will be detrimental to depositors.

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".

The FRDI Bill does not modify present protections to the depositors and provides additional protections, the ministry said.

Referring to the controversial "bail-in" clause in the FRDI bill, Arun Jaitley said, "The committee has wise people who will make some recommendations. We will consider that."

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.

The FRDI bill will be a win-win for all, the SBI Ecowrap report said.

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.

The FRDI Bill proposes to create a framework for overseeing financial institutions such as banks, insurance companies, non-banking financial services (NBFC) companies and stock exchanges in case of insolvency.

Arun Jaitley said the government's massive Rs 2.11 lakh crore capital infusion plan in banks was to strengthen banks.

The FRDI Bill seeks to offer a bail-in clause to banks, which many fear will be detrimental to depositors.

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".

The FRDI Bill does not modify present protections to the depositors and provides additional protections, the ministry said.

Referring to the controversial "bail-in" clause in the FRDI bill, Arun Jaitley said, "The committee has wise people who will make some recommendations. We will consider that."

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.

The FRDI bill will be a win-win for all, the SBI Ecowrap report said.

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.

The FRDI Bill proposes to create a framework for overseeing financial institutions such as banks, insurance companies, non-banking financial services (NBFC) companies and stock exchanges in case of insolvency.

Arun Jaitley said the government's massive Rs 2.11 lakh crore capital infusion plan in banks was to strengthen banks.