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No change in protection for bank depositors, says FinMin

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, ...
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