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Sunday, Sep 20, 2020
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Deposit insurance

Jan 12, 2020 04:59
The proposed legislation, which aims for expeditious resolution of stressed financial institutions, including banks and insurance firms, is expected to be introduced in the Budget session of Parliament after cabinet approves it, according to an offi... read more
Nov 11, 2019 07:35
The plans come in the wake of the crisis at Mumbai-headquartered Punjab and Maharashtra Cooperative Bank (PMC) where customers have not been able to withdraw more than Rs 50,000 since late September when the central bank found violations of banking rules... read more
Jul 23, 2018 16:50
Earlier this month, according to reports, the Modi administration decided to withdraw the Financial Resolution and Deposit Insurance (FRDI) bill from parliament. The bill was meant to address the biggest hurdle in dealing with failing banks: There’s... read more