Financial Resolution And Deposit Insurance Bill

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.