Frdi
Frdi News
ATMs go dry nationwide: Why the biggest cash hoarders - political parties and RBI - owe answers for crunch
Currency hoarding by political parties for elections, and the RBI’s failure to bridge the gap between the two high denomination notes probably triggered the cash crunch.
PNB scam: Nirav Modi episode shows how corporate frauds are eroding credibility of India's banking system
Corporate frauds like the Nirav Modi scam, new provisions like bail-in under FRDI are a multi-pronged conspiracy aimed at weakening India's banking system.
Mamata Banerjee writes to Arun Jaitley, seeks immediate withdrawal of FRDI Bill to save people from 'financial ruin'
Mamata Banerjee has written to Union finance minister Arun Jaitley urging immediate withdrawal of the FRDI Bill to save people from "financial ruin".
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.