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Doubts over bail-in provisions of FRDI Bill misplaced: Jaitley
Tue, Jan 02, 2018
FRDI aims to bring in discipline among the financial service providers by initiating a limit on the use of public money to bail out distressed firms.
Is govt mulling over raising protection on bank deposits beyond Rs 1 lakh?
Sat, Dec 09, 2017
Media reports have shed light on the likelihood of protection of bank deposits being raised with the upcoming FRDI bill.
Is your bank deposit safe? Know more about FRDI Bill & bail-in clause
Fri, Dec 08, 2017
FRDI Bill i.e. Financial Resolution and Deposit Insurance Bill 2017 aims to focus on finding a resolution in case of a rare event of a failure of any financial service provider like banks, insurance companies or a non-banking financial companies etc. At present the bill is pending with the standing committee and have not been enacted as a law.