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Silicon Valley Bank Resolution Will Bring Relief to Startups in Aftermath of Collapse: Ashwini Vaishnaw
Amid US administration's move to backstop collapsed Silicon Valley Bank's (SVB) deposits, IT minister Ashwini Vaishnaw has said the developments are "reassuring" and will bring relief to startups. "SVB resolution is reassuring. (It) will bring relief to startups," Vaishnaw told PTI.
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Year After Its Introduction, Centre Withdraws FRDI Bill From Lok Sabha
Nearly a year after introducing it in the Lok Sabha, the government today withdrew the Financial Resolution and Deposit Insurance or FRDI Bill following widespread concerns over certain provisions in the proposed legislation.
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Opinion: Nirav Modi Escaped. Others Could - At Your Expense
The Rs 20,000-crore plus Nirav Modi scam has led to the collapse of Punjab National Bank's share value and also posed a big question mark on the accountability and regulatory systems that govern our government-owned banks. Common investors and depositors have suffered while Mr Modi is celebrating in his luxury hotel suite in New York.
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FRDI Bill To Protect, Enhance Depositors' Rights, Says Government
According to the Ministry of Finance, there is presently no comprehensive and integrated legal framework for resolution, including "liquidation, of financial firms in India".
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No Need To Create Fear Psychosis Over FRDI Bill, Says Arun Jaitley
Finance minister assures Lok Sabha that money of all depositors in public sector banks will be protected.
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Government Unlikely To Table FRDI Bill In 2018 Budget Session Of Parliament
The joint committee on the FRDI Bill, 2017 has decided to seek extension of time up to the last day of Budget Session, 2018
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Government Unlikely To Table FRDI Bill In Budget Session Too
The Financial Resolution and Deposit Insurance Bill may not be introduced in Parliament even during the Budget Session, as the joint committee looking into it today got an extension for submitting its report.
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Congress Government Forced Banks To Lend To A Few Industrialists, Says PM Modi
Prime Minister Narendra Modi has assured people that their bank deposits will be safe and that their interests will not be harmed in any way, amid worries over what is being called a "bail-in" provision in a new proposed banking law. PM Modi described them as rumours and asserted that the proposed Financial Resolution and Deposit Insurance (FRDI) B...
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Bankers Warn Of Strike Over FRDI Bill
The Bill has created widespread fear, apprehension and panic amongst the depositors, said the All India Bank Employees Association.
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Your 10-Point Guide To New Bank Bill And Its Bail-In Provision
A proposed law which the government claims will help contain the impact of a failing bank is also designed to protect the rights of depositors, Finance Minister Arun Jaitley has said to allay worries that a "bail-in" provision allows depositors' money to be used by weak institutions to pay out of a total collapse. The Financial Resolution and Depos...
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What Is FRDI Bill? Lowdown On The Deposit Insurance Legislation
The Financial Resolution and Deposit Insurance Bill, 2017 (FRDI Bill), was introduced in the Lok Sabha on August 11, 2017. The bill is presently under consideration of the Joint Committee of Parliament.
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FRDI Bill: Arun Jaitley Says Depositors Rights Will Be Intact
Finance Minister Arun Jaitley on Thursday said the proposed FRDI Bill protects the rights of depositors, denying reports to the contrary.
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Silicon Valley Bank Resolution Will Bring Relief to Startups in Aftermath of Collapse: Ashwini Vaishnaw
Amid US administration's move to backstop collapsed Silicon Valley Bank's (SVB) deposits, IT minister Ashwini Vaishnaw has said the developments are "reassuring" and will bring relief to startups. "SVB resolution is reassuring. (It) will bring relief to startups," Vaishnaw told PTI.
-
Year After Its Introduction, Centre Withdraws FRDI Bill From Lok Sabha
Nearly a year after introducing it in the Lok Sabha, the government today withdrew the Financial Resolution and Deposit Insurance or FRDI Bill following widespread concerns over certain provisions in the proposed legislation.
-
Opinion: Nirav Modi Escaped. Others Could - At Your Expense
The Rs 20,000-crore plus Nirav Modi scam has led to the collapse of Punjab National Bank's share value and also posed a big question mark on the accountability and regulatory systems that govern our government-owned banks. Common investors and depositors have suffered while Mr Modi is celebrating in his luxury hotel suite in New York.
-
FRDI Bill To Protect, Enhance Depositors' Rights, Says Government
According to the Ministry of Finance, there is presently no comprehensive and integrated legal framework for resolution, including "liquidation, of financial firms in India".
-
No Need To Create Fear Psychosis Over FRDI Bill, Says Arun Jaitley
Finance minister assures Lok Sabha that money of all depositors in public sector banks will be protected.
-
Government Unlikely To Table FRDI Bill In 2018 Budget Session Of Parliament
The joint committee on the FRDI Bill, 2017 has decided to seek extension of time up to the last day of Budget Session, 2018
-
Government Unlikely To Table FRDI Bill In Budget Session Too
The Financial Resolution and Deposit Insurance Bill may not be introduced in Parliament even during the Budget Session, as the joint committee looking into it today got an extension for submitting its report.
-
Congress Government Forced Banks To Lend To A Few Industrialists, Says PM Modi
Prime Minister Narendra Modi has assured people that their bank deposits will be safe and that their interests will not be harmed in any way, amid worries over what is being called a "bail-in" provision in a new proposed banking law. PM Modi described them as rumours and asserted that the proposed Financial Resolution and Deposit Insurance (FRDI) B...
-
Bankers Warn Of Strike Over FRDI Bill
The Bill has created widespread fear, apprehension and panic amongst the depositors, said the All India Bank Employees Association.
-
Your 10-Point Guide To New Bank Bill And Its Bail-In Provision
A proposed law which the government claims will help contain the impact of a failing bank is also designed to protect the rights of depositors, Finance Minister Arun Jaitley has said to allay worries that a "bail-in" provision allows depositors' money to be used by weak institutions to pay out of a total collapse. The Financial Resolution and Depos...
-
What Is FRDI Bill? Lowdown On The Deposit Insurance Legislation
The Financial Resolution and Deposit Insurance Bill, 2017 (FRDI Bill), was introduced in the Lok Sabha on August 11, 2017. The bill is presently under consideration of the Joint Committee of Parliament.
-
FRDI Bill: Arun Jaitley Says Depositors Rights Will Be Intact
Finance Minister Arun Jaitley on Thursday said the proposed FRDI Bill protects the rights of depositors, denying reports to the contrary.
