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Business Standard
Bank union threatens strike if FRDI Bill not amended to protect depositors
Bill is currently undergoing scrutiny by a joint committee of Parliament Press Trust of India | New Delhi Last Updated at December 12, 2017 23:29 IST All India Bank Employees Association (AIBEA) has threatened to go on strike if FRDI Bill is not amended to ...
 Business Standard5 days ago
Business Standard
FRDI Bill depositor friendly, provides more protection: FinMin
The FRDI Bill, under consideration of a joint parliamentary committee, is depositor friendly and provides more protection to them compared to existing provisions, the finance ministry said today.The statement comes in the wake of "certain misgivings" that ...
 Business Standard1 week ago
Rediff.com
No change in protection for bank depositors, says FinMin
The Financial Resolution and Deposit Insurance Bill, 2017, under consideration of a joint parliamentary committee, is depositor friendly and provides more protection to them compared to existing provisions, the finance ministry said on Thursday. The statement comes in the wake of "certain misgivings" that appeared in the media about 'bail-in' provisions of the FRDI bill.   The provisions in the FRDI bill do not modify current protections for depositors adversely at all, the ministry held, ...
 Rediff.com1 week ago
Sify
Withdraw draconian FRDI bill, demands Mamata
Kolkata: Describing the proposed Financial Resolution and Deposit Insurance (FRDI) Bill, 2017 as the "biggest assault" on financial security of the poor and the middle classes, West Bengal Chief Minister Mamata Banerjee has asked the Central government to ...
 Sify20 hours ago
Money Control
Why Rajya Sabha is key for bankruptcy law to succeed and for depositors to relax
The Financial Resolution Deposit Insurance Bill (or the FRDI Bill) and the ordinance amending the Insolvency and Bankruptcy Code are set to be placed before Parliament.
 Money Control2 days ago
Business Standard
Bank unions escalate protest against proposed FRDI Bill
Major bank unions across the country have upped their opposition to the proposed Financial Resolution and Deposit Insurance (FRDI) Bill, first opting for a preliminary depositors' signature collection campaign with plans to go for a nationwide strike in case ...
 Business Standard2 days ago
Will fight tooth and nail against FRDI Bill: CPI-M
Terming the Financial Resolution and Deposit Insurance (FRDI) Bill as a "blatant attack on crores of common depositors who put their lifelong earnings in banks", the CPI-M on Sunday said that it would fight against the proposed legislation tooth and nail in ...
 Prokerala1 week ago
FRDI Bill will protect depositors' interests: Government
The proposed Financial Resolution and Deposit Insurance (FRDI) Bill is designed to protect the rights of depositors, the government said on Thursday.The bill, which seeks to deal with the insolvency of financial service providers, had been tabled in August in ...
 Prokerala1 week ago
Business Standard
Your deposits are safe if the bank fails, assures FM Arun Jaitley
The government tabled the Financial Resolution and Deposit Insurance Bill, 2017 in August in the Lok Sabha, which was referred to a Joint Committee of Parliament Press Trust of India | New Delhi Last Updated at December 6, 2017 23:36 IST Finance Minister Arun ...
 Business Standard1 week ago
FRDI Bill meant to protect depositors' interests: Government
The government on Thursday called the Financial Resolution and Deposit Insurance Bill, 2017 (FRDI Bill) as depositor friendly which envisages to protect their interests.According to the Ministry of Finance, the FRDI Bill which is presently under the ...
 Prokerala1 week ago
Rediff.com
FDRI Bill to be more depositor-friendly, clarifies Centre
The Financial Resolution and Deposit Insurance Bill, 2017 (FRDI Bill) is far more depositor friendly than many other jurisdictions which provide for statutory bail-in, where consent of creditors/depositors is not required for bail-in, the Ministry of Finance said on Thursday.The ministry in its official statement said that certain misgivings have been expressed in the media regarding 'bail-in' provisions of the FRDI Bill and it clarified that the provisions of the bill are in line ...
 Rediff.com1 week ago
FRDI bill to be more depositor friendly, clarifies Govt
The Financial Resolution and Deposit Insurance Bill, 2017 (FRDI Bill) is far more depositor friendly than many other jurisdictions which provide for statutory bail-in, where consent of creditors / depositors is not required for bail-in, the Ministry of ...
 Business Standard1 week ago
Rediff.com
Depositors, don't worry about losing money: Bankers
Will the Financial Resolution and Deposit Insurance Bill endanger our bank deposits?Anup Roy finds out. Illustration: Uttam Ghosh/Rediff.com The proposed Financial Resolution and Deposit Insurance Bill would not worsen depositors' plight from what is currently with the present protections in place, say bankers and experts.   Some commentators have suggested that the Bill, currently being examined by a Joint Parliamentary Committee for tabling in the winter session of Parliament, would take ...
 Rediff.com2 weeks ago

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