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Days after hiking deposit insurance, FM says working on contentious...

The government was forced to withdraw the FRDI Bill from the House after Opposition members objected to it.

8 Feb 2020 11:53 AM IST

Congress workers shouting slogans in front of RBI office during a protest against the Central Government over FRDI Bill, in Kolkata. (Photo: Abhijit Mukherjee)

Govt withdraws FRDI Bill from Lok Sabha

A proposal to withdraw the bill was on Tuesday moved by Minister of State for Finance Pon Radhakrishnan.

7 Aug 2018 2:40 PM IST

Congress workers shouting slogans in front of RBI office during a protest against the Central Government over FRDI Bill, in Kolkata. (Photo: Abhijit Mukherjee)

Congress protests against FRDI Bill

Led by Congress chief whip in the state assembly Manoj Chakraborty, several party MLAs and senior leaders participated...

27 Dec 2017 1:12 AM IST

Finance Minister Arun Jaitley (Photo: AP)

No need to create fear over FRDI Bill, says Arun Jaitley

The bill is currently undergoing scrutiny by a joint parliamentary committee.

22 Dec 2017 6:13 AM IST

Eighteen opposition parties have come together to take on the government in parliament during the Monsoon Session beginning July 17 over demonetisation, GST and various other issues, according to political sources. (Photo: PTI)

Governance failing as Houses dysfunctional

Democracy is a system of government by compromises and accommodation.

21 Dec 2017 1:32 AM IST

Using earned money of depositors to bail out a bank amounts to gross interference by the government.

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...

3 Dec 2017 2:38 AM IST

The finance ministry said that the bill is far more depositor-friendly than in many other countries which provide for statutory bail-in without consent of creditors and depositors.

FRDI bill won't hurt depositors, claims Finance Ministry

The bill was presented in Lok Sabha in August before it was referred to a joint committee of Parliament.

8 Dec 2017 2:19 AM IST

Finance Ministry

FRDI Bill depositor friendly, provides more protection: Finance...

Provisions in the FRDI Bill do not modify current protections for depositors adversely at all.

7 Dec 2017 4:21 PM IST

Arun Jaitley said, the reservation formula for the Patel community is legally and constitutionally untenable. (Photo: PTI)

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...

7 Dec 2017 10:49 AM IST

Assocham president Sandeep Jajodia also urged the Centre that the NPA norms on getting the account classified under non-performing asset category for core sectors should be extended from 90-days to 180-days. (Photo:PTI)

Assocham seeks removal of 'bail-in' clause in FRDI Bill

Government is working to protect interest of bank customers and their deposits.

14 Dec 2017 6:22 PM IST

Prime Minister Narendra Modi

FRDI Bill to protect deposits, says PM Modi

Modi said that the government is taking steps to improve the condition of banks.

14 Dec 2017 3:15 AM IST

Arun Jaitley said, the reservation formula for the Patel community is legally and constitutionally untenable. (Photo: PTI)

Govt will protect all deposits in banks, says Arun Jaitley

Says Centre will fully protect public deposits in financial institutions.

12 Dec 2017 1:13 AM IST