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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
Govt likely to withdraw controversial FRDI Bill in current Parliament session
•The government is likely to withdraw the bill from the Lok Sabha in the current session of Parliament, which ends on 10 August
ATMs run dry: RBI governor Urjit Patel should quit, demands bank union
Ians •The All India Bank Employees' Association (AIBEA) on Thursday demanded Reserve Bank of India Governor Urjit Patel quit as the central bank is grossly negligent on several issues, including the cashless ATMs across the country
Cash crunch: Bank unions blame govt, RBI and threaten agitation; planned move could worsen customer woes
•Bank employees are facing the wrath of the public for a problem created by the government and the Reserve Bank, the All India Bank Employees Union said
Government's FRDI Bill triggers bank run in Andhra Pradesh and Telangana
Fp Staff •Clarification by the Centre regarding the bail-in clause has failed to ease anxiety in the two southern states.
Mamata Banerjee criticises BJP for 'boasting' about new party office, asks where they got funds for it
•West Bengal chief minister Mamata Banerjee on Monday slammed the BJP for "boasting" about its new party office in Delhi and said a political party should be humble in its approach.
PNB fraud: Mamata Banerjee says scam was fulled during demonetisation, demands unearthing of 'full truth'
Ians •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
Fp Staff •Lok Sabha speaker Sumitra Mahajan has called an all party meeting on 28 January, a day before Budget Session commences
FRDI Bill unlikely to be tabled during budget session as joint committee looking into it seeks extension
•FRDI Bill proposes to create a framework for overseeing such financial institutions as banks, insurance companies, NBFC and stock exchanges in case of insolvency
FRDI Bill: Allaying depositors' fears, Arun Jaitley says govt open to raising deposit insurance cap from Rs 1 lakh
•The bill is pending before the joint committee of both Houses and the government is awaiting the recommendations.