Frdi Bill

No decision taken to reintroduce the FRDI Bill, says Finance Ministry

The government had withdrawn the FRDI Bill in August 2018 for further comprehensive examination and reconsideration of the subject

Govt to reintroduce FRDI Bill, no timeline yet: FM Nirmala Sitharaman

FRDI was withdrawn in August 2018 after a backlash on a clause that put the onus on depositors to 'bail in', in case of bank failure

Resolution of financial service providers possible under IBC: IBBI chief

Currently, resolution of stressed financial institutions cannot be taken up under the Insolvency and Bankruptcy Code (IBC).

After DHFL crisis, centre to issue new rules to bring NBFCs under IBC

DHFL is one of the largest HFCs that ran into trouble last year soon after the collapse of IL&FS

FRDI Bill should focus on speedy resolution of stressed financial firms

Most legal experts believe had the FRDI Bill been enacted alongside the Insolvency and Bankruptcy Code, it would have helped the government deal with the crisis better

Govt likely to remove controversial bail-in provision from FRDI Bill

As reported earlier, the finance ministry has started work on reviving the Bill a year after withdrawing it

Govt to bring back FRDI Bill, may hike insurance cover of customers

The government intends to hike the insurance cover of customers of a failed financial institution

Govt withdraws FRDI Bill from LS amid concerns over its 'bail-in' clause

A proposal to withdraw the bill was moved by Minister of State for Finance Pon Radhakrishnan and was approved by the House

FRDI Bill withdrawn on public concerns over 'bail-in' clause: Goyal

The FRDI Bill sought to make an enabling law for creation of an independent Resolution Corporation to carry out speedy and efficient resolution of financial firms in distress

After public concerns over 'bail-in' clause, govt to withdraw FRDI bill

FRDI bill had raised concerns that deposits could be used to bail out the failing banks

Two steps back: Why govt's withdrawal of FRDI bill is a missed opportunity

What the Bankruptcy Code passed last year does for companies, the FRDI bill would have done for banks

Timely withdrawal

Public objections led poll-bound govt to rethink FRDI Bill

Govt may junk FRDI Bill as bail-in clause makes depositors jittery: Report

The clause raised concerns among people who feared that they would have to lose their money deposited in banks in case of insolvency

FRDI Bill: Parliament grants more time to joint panel to submit report

In December, the joint committee was given time till the last day of the ongoing Budget Session

FRDI Bill to protect, enhance depositors' rights: Govt

FRDI Bill does not prohibit the central government from extending support to banks, including PSBs, says Finance Ministry

Govt unlikely to table FRDI Bill in Budget Session, panel granted extension

Sumitra Mahajan informed the House that extension of time has been granted to the joint panel on the FRDI Bill "up to the last day of Budget Session, 2018"

FRDI Bill ignores the elephant in the room

It is bad enough that cooperative banks are tools for politicians to dole out money to cronies

Bank unions escalate protest against proposed FRDI Bill

Major bank unions across the country have upped their opposition to the proposed Financial Resolution and Deposit Insurance (FRDI) Bill, first opting for a preliminary depositors' signature collection campaign with plans to go for a nationwide strike in case the Bill is tabled in the winter session of the Parliament.Bank Employee Federation of India (BEFI), the third largest of the nine bank unions, will be holding a meeting on December 17 in Chennai to plan its future course of action post which an all-union meeting will be held to form a united forum to oppose the Bill."All the bank unions will be meeting to discuss the road ahead. In case the government pushes to pass the Bill in the winter session of the Parliament, we can go on strike", Pradip Biswas, general secretary of BEFI told Business Standard.Although various bank trade unions are opposing the Bill, there is no united opposition till now and the proposed inter-union meeting is set to arrive at a joint opposition movement ..

Letters: Fears from bailout

Lending to long-term projects is a risky proposition and creates an asset-liability mismatch

Bank insolvency Bill has safeguards for depositors

Amount insured to be notified later, uninsured deposits get higher priority