GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
»
1-min read

FRDI Bill Meant to Protect Depositors' Interests, Says Government

According to the Ministry of Finance, the Financial Resolution and Deposit Insurance Bill, 2017 (FRDI Bill) which is presently under the consideration of the Joint Committee of Parliament provides additional level of protections for depositors than other legislations.

IANS

Updated:December 8, 2017, 10:51 AM IST
facebookTwittergoogleskypewhatsapp
FRDI Bill Meant to Protect Depositors' Interests, Says Government
Image for representation only.
New Delhi: The government on Thursday called the Financial Resolution and Deposit Insurance Bill, 2017 (FRDI Bill) as depositor friendly which envisages to protect their interests.

According to the Ministry of Finance, the FRDI Bill which is presently under the consideration of the Joint Committee of Parliament provides additional level of protections for depositors than other legislations.

"The provisions contained in the FRDI Bill, as introduced in the Parliament, do not modify present protections to the depositors adversely at all. They provide rather additional protections to the depositors in a more transparent manner," the ministry said in a statement.

"The FRDI Bill is far more depositor friendly than many other jurisdictions, which provide for statutory bail-in, where consent of creditors or depositors is not required for bail-in."
Read full article
Next Story
facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
SBI 313.30 -5.15 -1.62
ICICI Bank 302.95 -4.65 -1.51
Maruti Suzuki 9,120.65 -10.70 -0.12
Vedanta 283.55 -9.60 -3.27
TCS 2,628.40 +16.25 +0.62
Company Price Change %Gain
HDFC Bank 1,822.00 -2.05 -0.11
Bharti Airtel 516.95 -7.00 -1.34
Shriram Trans 1,366.90 +3.20 +0.23
ITC 259.05 -2.50 -0.96
HDFC 1,697.45 -13.10 -0.77
Top Gainers
Company Price Change %Gain
HPCL 423.35 +8.40 +2.02
IOC 402.20 +7.10 +1.80
BPCL 506.30 +7.35 +1.47
Kotak Mahindra 1,014.90 +14.50 +1.45
UltraTechCement 4,274.35 +51.85 +1.23
Company Price Change %Gain
Kotak Mahindra 1,014.95 +14.35 +1.43
TCS 2,632.00 +17.85 +0.68
ONGC 183.75 +0.80 +0.44
Dr Reddys Labs 2,260.80 +5.20 +0.23
HUL 1,316.55 +1.60 +0.12
Top Losers
Company Price Change %Gain
Vedanta 283.55 -9.60 -3.27
Cipla 578.15 -13.50 -2.28
Adani Ports 394.00 -8.50 -2.11
SBI 313.30 -5.15 -1.62
Bajaj Finance 1,671.80 -27.45 -1.62
Company Price Change %Gain
BHEL 89.55 -2.05 -2.24
Cipla 578.15 -12.60 -2.13
Tata Motors (D) 225.00 -4.85 -2.11
Adani Ports 393.70 -7.90 -1.97
SBI 313.25 -5.15 -1.62

Live TV

File is:/article-scroll-new.php