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Provisions of the Financial Resolution and Deposit Insurance Bill, 2017 meant to protect interests of depositors

News and Press Release - Dated:- 7-12-2017 - The Financial Resolution and Deposit Insurance Bill, 2017 (FRDI Bill), introduced in the Lok Sabha on August 11, 2017, is presently under the consideration of the Joint Committee of the Parliament. The Joi .....

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liament, do not modify present protections to the depositors adversely at all. They provide rather additional protections to the depositors in a more transparent manner. The FRDI Bill is far more depositor friendly than many other jurisdictions, whic .....

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ding Public Sector Banks. The Government s implicit guarantee for Public Sector Banks remains unaffected. Indian Banks have adequate capital and are also under prudent regulation and supervision to ensure safety and soundness, as well as systemic sta .....

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