Will FRDI bill pass in near future?

[Android_Halwa]

20 minutes ago, Spartan said:

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

Assets and liabilities is not equal to reserve cash. 

for example, if a bank lends 50 lakhs to home loan, it becomes bank asset. Apart from cash reserves, these loans form assets which is not in liquid.

It may appear that for 100 crores assets, 4 crores is peanuts but in real time financial world, this ratio is very high, very very high. 

Assets can never be equated to liquid cash.

[Android_Halwa]

22 minutes ago, Spartan said:

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

In a country like India, people have an age old habit of hoarding cash and this is a primary reason for many problems. 

What ever it is, Modern banking systems cannot cope such cash hoarding. huge sums literally sitting idle where as that amount is supposed to be in the capital markets as investment.

Many attempts were done to discourage people not to hoard currency but it is only getting worse and worse...

Think there should be regular DeMO's. illeterate people are hoarding cash and stalling the growth and this is golden time in INida's growth history and cashis still under the beds.

 

[kittaya]

1 hour ago, nuzvid_mamidikaya said:

pass aithey bank lo asala evaru paisal uncharemo

Pass ayindhi Ani Mana DB lo annatu gurthu... 

[Spartan]

Just now, kittaya said:

Pass ayindhi Ani Mana DB lo annatu gurthu... 

no

[kittaya]

Nice  

[Quickgun_murugan]

1 hour ago, kool_buddi said:

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.

 

FDRI bill pass avvali...

[Manikyam]

1 hour ago, Quickgun_murugan said:

FDRI bill pass avvali...

FRDI avvadu antav 

[k2s]

4 hours 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 

 

bokka pedatharu money banks lo inka

[Quickgun_murugan]

2 hours ago, Manikyam said:

FRDI avvadu antav 

Avuthadi manik bhai 

[Android_Halwa]

Just now, Quickgun_murugan said:

Avuthadi manik bhai 

Manik Basha...!!!!

[Quickgun_murugan]

1 minute ago, Android_Halwa said:

Manik Basha...!!!!

[Merabharathmahan]

Andulo okati unte media lo vachedi okati. Asalu e government ayina untada common man dabbu ni shares ki convert chesthe. Just think generally. ee bill pass ayithe loans theesukune big companies vallaki nashtam andukani vallu kontamandi tho media lo vere la cheppistunnaru. Common men banks nundi dabbulu theesesi ee bill ni oppose chesthe govt. Bill pass cheyadu ane uddesham tho vallu media lo ala ippistunnaru. Okkati matram nijam common man dabbulu matram govt banks assalu shares la loki convert cheyavu and big public sector bank like sbi asalu liquidate kadu ani na opinion. 

[Android_Halwa]

Indian banks are very strong man...pun adi chala strong man...antha easy ga fail avvavu

[Merabharathmahan]

5 hours 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

Real estate valle media tho bhayam puttinchi janalatho dabbu withdraw chepinchi inflated real estate lands konipinchela chestunnaru. Tvs lo papers lo and some big banker guys valla labham kosam edi chebithe adi nammoddu. Demonetization tarvata real estate dull ayindi so ippudu danni veellu ila recover chestunnaru. Public sector bank like sbi is so strong and hayiga dabbulu unchukovachu andulo.