Latest News on Deposit Insurance
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Deposit Insurance - Total results - 3
Aug 07, 2018
Govt withdraws FRDI Bill in Lok Sabha: Framework for resolution of distressed financial firms fails to go throughthe government has decided to withdraw FRDI Bill following apprehensions expressed by public with regard to the 'bail-in' clause to resolve a failing bank and insurance cover on bank deposits, Finance Minister Piyush Goyal told a parliamentary committee.
Jul 19, 2018
FRDI Bill: Govt scrapping it is good news for depositors; but India needs stronger laws to handle banks that go brokeThe government could have retained the FRDI Bill, tweaking the controversial provisions
Dec 15, 2017
FRDI Bill: Deposit holders have always faced a certain level of risk, but that is how banking system worksOnly logical way to assess issue of deposits is to see if depositors are going to be worse off with FRDI Bill in picture.