Latest News on Resolution Corporation
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Resolution Corporation - Total results - 4
Aug 07, 2018
Govt withdraws FRDI Bill in Lok Sabha: Framework for resolution of distressed financial firms fails to go throughthe government has decided to withdraw FRDI Bill following apprehensions expressed by public with regard to the 'bail-in' clause to resolve a failing bank and insurance cover on bank deposits, Finance Minister Piyush Goyal told a parliamentary committee.
Dec 15, 2017
FRDI Bill: Deposit holders have always faced a certain level of risk, but that is how banking system worksOnly logical way to assess issue of deposits is to see if depositors are going to be worse off with FRDI Bill in picture.
Dec 11, 2017
FRDI Bill: Arun Jaitley alleys fears about bail-in provision, says govt will fully protect public depositsThe draft FRDI Bill empowers Resolution Corporation to cancel liability of a failing bank or convert nature of liability.
Jun 14, 2017
Cabinet clears Bill to deal with crisis in banks, insurers, financial sectorThe proposed Bill will provide for a comprehensive resolution framework to handle any bankruptcy situation in banks, insurers and financial sector entities