Financial Resolution and Deposit Insurance Bill

To handle insolvency in financial companies, modified FRDI Bill up for discussions

January 03, 2022 7:14 am

🔴 Finance Ministry seeks RBI views on drafting fresh legislation

A course correction

July 19, 2018 12:07 am

Public anxiety over bank deposits, Govt to drop FRDI Bill

July 18, 2018 12:48 pm

One reason cited for its withdrawal is that the misconception led to panic withdrawal of cash by depositors and eroded public trust.

Government unlikely to table FRDI Bill in Budget Session too

December 18, 2017 3:07 pm

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.

Firm resolve

June 19, 2017 1:14 am

A resolution regime is in place to deal with financial sector bankruptcies. The government must stand by it.

Bill to deal with crisis in banks, insurers gets Cabinet go-ahead

June 15, 2017 8:44 am

The proposed law can benefit a large number of retail depositors because the Bill not only aims to strengthen and streamline the current framework of deposit insurance, but also seeks to decrease the time and costs involved in resolving distressed financial entities.