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Financial Resolution and Deposit Insurance Bill News
Financial Resolution and Deposit Insurance Bill
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.
FRDI Bill will establish ‘Resolution Corporation’ to monitor financial firms: SBI Ecowrap
Thu, Dec 14, 2017
The proposed Financial Resolution and Deposit Insurance (FRDI) Bill seeks to establish a ‘Resolution Corporation’ to monitor financial firms (along with regulators), and resolve them in case of failure, said the SBI Ecowrap report.
FRDI Bill will protect the rights of depositors, says FM Jaitley
Thu, Dec 07, 2017
Apart from giving protection guarantee of Rs 1 lakh to depositors, the FRDI Bill will also look into the rights of uninsured depositors compared to the existing legal arrangements over the unsecured creditors and even government dues.
Bill on financial service providers referred to joint panel
Fri, Aug 11, 2017
The Financial Resolution and Deposit Insurance Bill, 2017, was referred to the joint committee of the two houses after it was introduced in the Lok Sabha by Minister of State for Finance Arun Ram Meghwal.