Will FRDI bill pass in near future?

[batman2]

though the idea is good.......it wont be implemented as it has scope for rumors and scaremongers(many of whom are there in this DB)

electorally it will only be beneficial.........the poor who are majority voters in UP bihar,MP etc will see this as action against the rich

[Spartan]

1 minute ago, nuzvid_mamidikaya said:

Looks like even PNB is a PSU

Nationalized Banks[edit]

1. Allahabad Bank
2. Andhra Bank
3. Bank of India
4. Bank of Baroda
5. Bank of Maharashtra
6. Canara Bank
7. Central Bank of India
8. Corporation Bank
9. Dena Bank
10. Indian Bank
11. Indian Overseas Bank
12. Oriental Bank of Commerce
13. Punjab & Sindh Bank
14. Punjab National Bank
15. Syndicate Bank
16. UCO Bank
17. Union Bank of India
18. United Bank of India
19. Vijaya Bank

[k2s]

2 minutes ago, Spartan said:

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

who knows, even today most of the private banks are doing this 

[Spartan]

2 minutes ago, k2s said:

who knows, even today most of the private banks are doing this 

but u can still withdraw ur whole amount of money.

bisket aite..1Lac max tappa rest of money gone. (1 lac ) is basic insured amount kabatti..

US lo it is 200K 

[TampaChinnodu]

3 minutes ago, Spartan said:

but u can still withdraw ur whole amount of money.

bisket aite..1Lac max tappa rest of money gone. (1 lac ) is basic insured amount kabatti..

US lo it is 200K 

Yes. India lo only 1 lac insured. pedda bokka. 

[Android_Halwa]

30 minutes ago, nuzvid_mamidikaya said:

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

silly..!

They can use reserve funds from RBI, called as cash reserve ratio...if at any time bank fails, then the bank can use these cash reserve funds which is stored in RBI as a collateral to do banking business, banks can utilise these cash to for recovery....

Public ki etuvanti nuksan ledu...half knowledge tho unnessasary pukarlu spread cheyaku nuzvid..

[Android_Halwa]

16 minutes ago, nuzvid_mamidikaya said:

Looks like even PNB is a PSU

PNB is India's second largest bank after SBI...

[TampaChinnodu]

2 minutes ago, Android_Halwa said:

silly..!

They can use reserve funds from RBI, called as cash reserve ratio...if at any time bank fails, then the bank can use these cash reserve funds which is stored in RBI as a collateral to do banking business, banks can utilise these cash to for recovery....

Public ki etuvanti nuksan ledu...half knowledge tho unnessasary pukarlu spread cheyaku nuzvid..

manam seppina India lo janaalu ekkada vintaaru man. already kaali sesthunnaru banks ni withdrawls tho.

aa money tho real estate kontu vaati prices penchuthunnaru

[Spartan]

3 minutes ago, Android_Halwa said:

silly..!

They can use reserve funds from RBI, called as cash reserve ratio...if at any time bank fails, then the bank can use these cash reserve funds which is stored in RBI as a collateral to do banking business, banks can utilise these cash to for recovery....

Public ki etuvanti nuksan ledu...half knowledge tho unnessasary pukarlu spread cheyaku nuzvid..

reserve funds anni banks ki undadu..only PSUs ke untadi. 

vere banks ki chala takkuva untadi a fund, which is peanuts compared to their liquidity.

[srdh21]

29 minutes ago, nuzvid_mamidikaya said:

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

wrong... the true intent of the bill is the deposits can be used as backup in case bank is facing liquidity crisis

this is the norm all across the world, there is no workaround for this, if banks stop lending, it will stop growth

 

[Android_Halwa]

3 minutes ago, Spartan said:

reserve funds anni banks ki undadu..only PSUs ke untadi. 

vere banks ki chala takkuva untadi a fund, which is peanuts compared to their liquidity.

In India, any bank irrespective of nationalized or private, have to main cash reserve with RBI.

This means not virtual but literally liquid cash and bank does not earn any interest for this amount.

This amount is presently capped at 4% of the total liabilities of the bank. For example, if the bank has total assets and liabilities of 100 crores, it has ro deposit 4 crores cash with RBI which acts as minimum guarantee and the bank's financial health, country's cash reserves, interest rates are determined based on this rate. 

in FRDI bill too, Bank emana kirkiri chesthe savings and current accounts nundi emi teeyaru, bank fail avuthe assets and accounts freeze chesi periodic withdrawl allow chestaru. That means, if you have one lakh rupees in the failed bank, you may be eligible to withdraw that amount periodically...like 3-4 times instead of withdrawing one lakh at a time.

This is how it works. People are spreading all wrong notions and false information. FRDI bill is really good for our banking system and it actually protects the deposititors, not the other way.

 

[Android_Halwa]

9 minutes ago, Spartan said:

reserve funds anni banks ki undadu..only PSUs ke untadi. 

vere banks ki chala takkuva untadi a fund, which is peanuts compared to their liquidity.

even private banks, ICICI,IDBI,HDFC,Axis etc, even they have to maintain this reserves with RBI. no exception for anyone regardless of their operation and ownership type. 

Indian banks are very strong. even though NPA's are piling up, Indian banks are very very strong.

[Android_Halwa]

12 minutes ago, TampaChinnodu said:

manam seppina India lo janaalu ekkada vintaaru man. already kaali sesthunnaru banks ni withdrawls tho.

aa money tho real estate kontu vaati prices penchuthunnaru

Yeah seriously man, last few days lo enni false proagandas chaduvutunna telusa...

You have access to information at your finger tips and still we choose to go with word of mouth...

 

[Spartan]

5 minutes ago, Android_Halwa said:

In India, any bank irrespective of nationalized or private, have to main cash reserve with RBI.

This means not virtual but literally liquid cash and bank does not earn any interest for this amount.

This amount is presently capped at 4% of the total liabilities of the bank. For example, if the bank has total assets and liabilities of 100 crores, it has ro deposit 4 crores cash with RBI which acts as minimum guarantee and the bank's financial health, country's cash reserves, interest rates are determined based on this rate. 

in FRDI bill too, Bank emana kirkiri chesthe savings and current accounts nundi emi teeyaru, bank fail avuthe assets and accounts freeze chesi periodic withdrawl allow chestaru. That means, if you have one lakh rupees in the failed bank, you may be eligible to withdraw that amount periodically...like 3-4 times instead of withdrawing one lakh at a time.

This is how it works. People are spreading all wrong notions and false information. FRDI bill is really good for our banking system and it actually protects the deposititors, not the other way.

 

100cr ki 4cr peanuts ye kada nenu cheppinattu.. 

[Spartan]

btw im not against FRDI, but proper ruling and agenda to implement cheste better.

in country like India where cash is still the major tender, DeMo laga scare create cheste..assam aitadi malli