FRDI Bill: Govt scrapping it is good news for depositors; but India needs stronger laws to handle banks that go broke
The government could have retained the FRDI Bill, tweaking the controversial provisions
Clarification by the Centre regarding the bail-in clause has failed to ease anxiety in the two southern states.
Union Minister Ravi Shankar Prasad launched a scathing attack against Congress, accusing them of indulging in the "politics of confusion and fear" since the past four years of the NDA government
PNB fraud: Mamata Banerjee says scam was fulled during demonetisation, demands unearthing of 'full truth'
Mamata Banerjee said that $1.8 billion Punjab National Bank fraud was fuelled during demonetisation and demanded unearthing of the "full truth" behind scam
Lok Sabha speaker Sumitra Mahajan calls all party meeting on 28 January ahead of Budget Session of Parliament
Lok Sabha speaker Sumitra Mahajan has called an all party meeting on 28 January, a day before Budget Session commences
FRDI Bill: An analysis of global experience explains why depositors in India should be indeed worried
In India, the deposit protection limit is Rs 100,000, roughly one-sixtieth of the value protected in other jurisdictions. The Rs 1 lakh limit was set in 1993, and hasn’t been upgraded since.
FRDI Bill: Arun Jaitley seeks to allay fears, says govt committed to protecting rights of depositors
The bill provides for establishment of a resolution corporation with powers relating to transfer of assets to a healthy financial firm, merger or amalgamation, liquidation to be initiated by an order of the National Company Law Tribunal.