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360 degree, 03 Dec 2017
Banks can wipe out your money
Bail-in clause in the proposed law can make you lose your rights on your bank deposits.
03 Dec 2017 6:43 AM
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.
03 Dec 2017 2:38 AM
Bail-in will keep people away from banks
The proposed law will directly impact savings in the country and people will adopt old methods of saving their money in pots and almariahs.
03 Dec 2017 2:32 AM
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