Financial Resolution And Deposit Insurance

Your money is safe in banks, rumours being spread about deposits, says Narendra Modi on FRDI

Narendra Modi says with FRDI Bill, government was trying to strengthen banking system by policy initiatives on a daily basis

FRDI Bill: Arun Jaitley alleys fears about bail-in provision, says govt will fully protect public deposits

The draft FRDI Bill empowers Resolution Corporation to cancel liability of a failing bank or convert nature of liability.

FRDI Bill: Don't break common man’s trust in banks; Narendra Modi govt should change ‘bail-in’ clause

Bank deposits continue to be the most trusted savings avenue for majority of Indians. The 'bail-in' clause in the bill is indeed a concern for the customers