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."

Also Watch

Read full article
Most Active
Company Price Change %Gain
Indostar Capita 583.55 +11.55 +2.02
Maruti Suzuki 8,397.70 -113.25 -1.33
Ashok Leyland 137.60 -10.80 -7.28
Century 993.50 -72.70 -6.82
Reliance 924.60 -9.25 -0.99
Company Price Change %Gain
Future Life 421.10 -16.15 -3.69
Indostar Capita 582.70 +10.70 +1.87
Ashok Leyland 137.70 -10.70 -7.21
UPL 687.30 -21.35 -3.01
Indiabulls Hsg 1,118.55 -21.15 -1.86
Top Gainers
Company Price Change %Gain
TCS 3,564.75 +62.70 +1.79
SBI 242.80 +3.95 +1.65
Bharti Infratel 322.00 +5.85 +1.85
Coal India 270.75 +3.95 +1.48
Bharti Airtel 365.95 +4.60 +1.27
Company Price Change %Gain
TCS 3,567.20 +64.85 +1.85
Coal India 270.60 +4.20 +1.58
SBI 242.85 +3.65 +1.53
Bharti Airtel 365.90 +3.95 +1.09
ONGC 186.75 +1.70 +0.92
Top Losers
Company Price Change %Gain
UPL 686.30 -23.15 -3.26
Dr Reddys Labs 1,925.40 -56.60 -2.86
Vedanta 263.80 -6.50 -2.40
Sun Pharma 453.85 -11.05 -2.38
Zee Entertain 553.30 -14.30 -2.52
Company Price Change %Gain
Dr Reddys Labs 1,928.50 -49.55 -2.50
Sun Pharma 453.90 -10.80 -2.32
Yes Bank 337.95 -7.50 -2.17
Tata Motors 300.00 -5.25 -1.72
Adani Ports 383.70 -5.65 -1.45