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FRDI Bill News

19 Jul 2018

Govt likely to withdraw controversial FRDI Bill in current Parliament session

The Union Cabinet, chaired by Prime Minister Narendra Modi, has given its nod for withdrawal of the Financial Resolution and Deposit Insurance (FRDI) Bill, 2017, they added.

26 Dec 2017

West Bengal Congress takes out rally against FRDI Bill

The West Bengal Congress on Tuesday took out a rally outside the RBI office to protest against the proposed FRDI Bill, 2017.

18 Dec 2017

Govt unlikely to table FRDI Bill in Budget Session too

The joint committee on the FRDI Bill, 2017 have decided to seek extension of time up to the last day of Budget Session, 2018, as the report of the joint committee would not be ready for presentation by December 15.

14 Dec 2017

FRDI contemplating increase in deposit insurance cover: Report

The report said that data on Cross Country Deposit insurance Coverage limit shows that Deposit insurance coverage in India is one of the lowest at Rs 1 lakh/USD 1508 /0.9 times India's per capita income.

State Bank of India

14 Dec 2017

SBI Ecowrap clears confusion on proposed FRDI Bill

The proposed ‘bail-in’ clause in FRDI Bill has raised a lot of concern among depositors.

12 Dec 2017

Bank union threatens strike if FRDI Bill not amended

The government which brought in the Financial Resolution and Deposit Insurance (FRDI) Bill 2017 with 'bail-in' clause is created panic amongst the people about safety of their deposits in banks, All India Bank Employees Association (AIBEA) said.

07 Dec 2017

FRDI Bill depositor friendly, provides more protection: FinMin

The statement comes in the wake of "certain misgivings" that appeared in the media about 'bail-in' provisions of the Financial Resolution and Deposit Insurance Bill, 2017 (FRDI Bill).

06 Dec 2017

Govt committed to protecting rights of depositors: Arun Jaitley

According to Economic Affairs Secretary S C Garg, FRDI Bill proposes to protect existing rights of the depositors.

Bank unions FRDI Bill

18 Sep 2017

Bank unions approach FM for FRDI Bill withdrawal

The RBI Act should be amended to provide for publication of the names of these defaulters, suggested All India Bank Employees' Association (AIBEA) General Secretary C H Venkatchalam.

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