Clipped from: https://indianexpress.com/article/business/banking-and-finance/modified-frdi-bill-up-for-discussions-7702781/ 🔴 Finance Ministry seeks RBI views on drafting fresh legislation Even as the RBI has come out with a Prompt Corrective Action framework
Category: FRDA
FIDC seeks refinance mechanism for NBFCs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/fidc-seeks-refinance-mechanism-for-nbfcs/article36817715.ece?homepage=true Further suggests arbitration should be considered a valid legal step taken for debt recovery under the ECLGS scheme. Finance Industry Development Council (FIDC)
Time to invoke the FRBM escape clause: Rakesh Mohan – The Economic Times
The biggest question before policymakers today is a trade off between health and the economy. Given the ferocity of the pandemic, is it a question
How to make the FRDI bill more effective – The Economic Times
By Manas R Das The 1999 Reserve Bank of India (RBI) report on reforms in deposit insurance in India had recommended to give the Deposit Insurance and Credit
FRDI Bill should focus on speedy resolution of stressed financial firms | Business Standard Column
The vacuum in the dispute resolution regulatory environment is being felt as policymakers and regulators grapple with the stress in the cooperative banking system in
The unsafe vaults: With the financial system hit by defaults, is it time to resurrect an old law? – The Economic Times
In the last 5 years, over Rs 3 lakh crore was infused in several loss making PSU banks with the government getting negative returns even
Don’t tax intra-firm service supply–Economic Times
The Karnataka Authority of Advance Rulings (AAR) has erred in ruling that services by an office to branches in other states will be treated as
Two steps back: Why govt’s withdrawal of FRDI bill is a missed opportunity | Business Standard News
India needs a strategy to get the government out of banking. Non-performing loans among state-owned banks — a legacy of India’s socialist past which account
Dropping the FRDI Bill – a belated but wise move – Business Line
The move to drop the Financial Resolution and Deposit Insurance (FRDI) Bill by the Union Cabinet is a wise one. If the Bill had indeed
Timely withdrawal | Business Standard Editorials
The government on Wednesday decided to withdraw the Financial Resolution and Deposit Insurance (FRDI) Bill from consideration by Parliament, where it has been referred to
FRDI Bill fiasco: More caution needed in policy-making – NEWS – Business Line
The sudden u-turn by the Centre on the Financial Resolution and Deposit Insurance (FRDI) Bill 2017 has many implications on policy-making. The Bill, which was
FRDI, fried stuff and stuffed pillows – OPINION – Business Line
Motu’s living room had a ransacked look about it as Chotu entered. Pillows, cushions and mattresses were strewn all over. Kya hua Motu, was there a
After public outcry, Govt drops FRDI Bill – Business Line
The government has decided to drop the controversial Financial Resolution and Deposit Insurance (FRDI) Bill, thus allowing bank customers to breath easy. The Union Cabinet,
Government likely to withdraw controversial FRDI Bill in current Parliament session – The Economic Times
This provision had raised concerns that deposits could be used to bail out failing banks. The government is likely to withdraw the controversial FRDI Bill in the
FRDI Bill: House panel to examine ‘bail in’ clause of FRDI Bill, to meet today ; The Economic Times–14.05.2018
The Parliamentary Joint Committee will examine the controversial ‘bail in’ clause of the Financial Resolution and Deposit Insurance (FRDI) Bill, 2017 in the light of concerns being raised over
National Company Law Tribunal: Bankruptcy: RBI gives provisioning relief to stressed banks – The Economic Times–05.04.2018
The Reserve Bank of India has temporarily relaxed provisioning norms for lenders to defaulters undergoing bankruptcy resolution in a move that could help banks bolster their financial results for
How long can depositors bail out banks? – Business Line–04.03.2018
The Centre’s infusion of a whopping ₹88,000-odd crore of capital into ailing public sector banks sometime back should have raised a furore. After all, it
FRDI Bill: Centre offers to set a new cap on deposit cover – Business Line–14.02.2018
Reflecting a change of mind, the Centre has conveyed to a joint committee of Parliament deliberating on the Financial Resolution and Deposit Insurance Bill that
Conservative banking, not bail-in, will bail us out – The Hindu–29.01.2018
Risk is in-built in banking. If, one day, all the customers of any bank turn up demanding their deposits, the bank would be unable to
FRDI Bill’s bail-in clause unlikely to be watered down | Hindustan Times–28.01.2018
The Centre is not considering any dilution of the bail-in clause in the contentious Financial Resolution and Deposit Insurance (FRDI) Bill. It will, however, add
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