Will FRDI bill pass in near future?

[nuzvid_mamidikaya]

pass aithey bank lo asala evaru paisal uncharemo

[Spartan]

elections tarvata pass cheyochu

[Quickgun_murugan]

2 minutes ago, Spartan said:

elections tarvata pass cheyochu

enti aa bill saaramsham @Spartan ?? @Spartan

[nuzvid_mamidikaya]

7 minutes ago, Quickgun_murugan said:

enti aa bill saaramsham @Spartan ?? @Spartan

banks MG they like in case of PNB they can use peoples money to recover. people will loose money

[Spartan]

10 minutes ago, Quickgun_murugan said:

enti aa bill saaramsham @Spartan ?? @Spartan

 

2 minutes ago, nuzvid_mamidikaya said:

banks MG they like in case of PNB they can use peoples money to recover. people will loose money

loosing money undadu kaani..evaina bonds istaru mana peru meeda..

free ga dabbul dobbeyaru..ala cheste evaru oorkoru kada

[kool_buddi]

NEW DELHI: The Financial Resolution and Deposit Insurance (FRDI) Bill, 2017 created much mass hysteria among bank customers. We answer the most important questions concerning them.

Q: What is FRDI Bill?

A: The Financial Resolution and Deposit Insurance Bill (FRDI) aims to set up a resolution corporation which will monitor financial companies, categorise them as per their risk profiles and step in to prevent them from going bankrupts by writing down their liabilities.

Q: Why is it being feared?

A: The fear stems from the bill's bail-in clause which empowers the resolution corporation to rescue a failing financial institution through the help of creditors and depositors money. Bail-in is, however, one of the many options to rescue a financial institution on the brink of failure.

Q: How much of depositors money can be used to bail-in?

A: Barring money which is insured, rest of the money can be subjected to bail-in clause. However, bail-in can be invoked only if you had given prior consent at the time of signing the deposit forms. Even today, only a small amount of Rs 1 lakh of bank deposits is insured in case of a bank going bankrupt.

Q: Isn't insurance coverage of Rs 1 lakh for deposits quite less?

 

A: Yes, but that might change with resolution corporation replacing DICGC and setting up new deposit insurance limit.

 

 

Q: How can you reduce your risk?

 

A: As of now, there is is no need to panic as banks in India in last 50 years have hardly been liquidated. However, you can cut your risk by diversifying your deposits across banks if you hold large sums above the new insurance limit.

 

The latest development around FRDI Bill was reported by news agency PTI on December 18 that the 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.

 

[bhaigan]

US lo unna FDIC and FRDI rendu diffeent or same 

[bhaigan]

Modi utter flop bhayya waste edi sariga implement cheyaledu

[Spartan]

also put money in PSU banks rather than private firms..

PSU ki Govt clarified that they will bail out without using public money. 

[nuzvid_mamidikaya]

1 minute ago, Spartan said:

also put money in PSU banks rather than private firms..

PSU ki Govt clarified that they will bail out without using public money. 

Indian overseas bank psu kindaki vastundi kadha?

[TampaChinnodu]

23 minutes ago, nuzvid_mamidikaya said:

pass aithey bank lo asala evaru paisal uncharemo

already withdrawing full gaa 

[k2s]

ardam kaley bill endi anedi ??

[Spartan]

4 minutes ago, nuzvid_mamidikaya said:

Indian overseas bank psu kindaki vastundi kadha?

IOB nationalised ani telsu kaani PSU o kaado not sure.

SBI and IDBI re PSU banks i know of.

[Spartan]

1 minute ago, k2s said:

ardam kaley bill endi anedi ??

nuvvu X Bank maintain chestunnav.

people deposit money in X, u take people money and lend it on more % to businessmen, construciton etcc..

they dont pay bank, and bank goes into loss, jenda ettedam ane plan 

a situation lo to cover those losses, it can use public money (uninsured) and say we recoverd the loss.

public money assam. 

main points enti ante.. ne permission lekunda they cannot take ur money for bail-in, kaani India lo a chinna tick mark ekkada untado evadiki telvadu.on appplication

[nuzvid_mamidikaya]

2 minutes ago, Spartan said:

IOB nationalised ani telsu kaani PSU o kaado not sure.

SBI and IDBI re PSU banks i know of.

Looks like even PNB is a PSU