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PMC Bank scam: Time to massively increase deposit insurance limit from present Rs 1 lakh, says SBI research report
•The Punjab & Maharashtra Cooperative Bank (PMC) scam points to the urgent need to massively increase the depositor insurance cover from the present Rs 1 lakh, says a report
Govt withdraws FRDI Bill in Lok Sabha: Framework for resolution of distressed financial firms fails to go through
Fp Staff •the 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.
FRDI Bill: Govt scrapping it is good news for depositors; but India needs stronger laws to handle banks that go broke
Dinesh Unnikrishnan123 •The government could have retained the FRDI Bill, tweaking the controversial provisions
FRDI Bill: Deposit holders have always faced a certain level of risk, but that is how banking system works
Ians •Only logical way to assess issue of deposits is to see if depositors are going to be worse off with FRDI Bill in picture.