FRDI Bill
Govt committed to protecting rights of depositors: Jaitley
Bill provides for establishment of a resolution corporation with powers relating to transfer of assets to a healthy financial firm.
It’s crucial to protect small banks
Technically, if FRDI Bill is enacted and a financial institution is failing, RC can convert our deposits into equity or preference shares.
Par panel to invite RBI governor to brief on FRDI Bill
All party parliamentary committee has to submit its report by last day of first week of winter session of Parliament.
Bank unions demand withdrawal of FRDI Bill from FM
In a representation submitted last week, they also demanded declaration of wilful default of bank loans as criminal offence.
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