| Author | Message | ||
Dada Side Hero Username: Dada Post Number: 4798 Registered: 12-2006 Posted From: 76.109.243.0 Rating: N/A |
Please read Section 52 of the FRDI Bill. You will know for yourself :-) | ||
Ilovemovies Side Hero Username: Ilovemovies Post Number: 8843 Registered: 04-2014 Posted From: 159.45.22.17 Rating: N/A |
 I Love Movies.... | ||
Ilovemovies Side Hero Username: Ilovemovies Post Number: 8842 Registered: 04-2014 Posted From: 159.45.22.17 Rating: N/A |
What is this bill all about and how is it going to affect you? In June 2017, the central government approved the FRDI Bill which is intended to frame new rules for banks that are failing. It has created panic among savings account holders. According to the Bill, a failing bank may be allowed to use depositors' money to stay afloat. What this means is that the bank can reduce its liability of paying its depositors, that is you, by either locking your money for a longer time or asking you to take a hit on your deposits. Currently, your deposit in the bank is insured up to a specified limit. According to the 1961 Deposit Insurance and Credit Guarantee Corporation Act, up to Rs 1 lakh of your money deposited in a bank is insured if a bank were to fail. In practice, however, the Reserve Bank has ensured that this never happens. Failing, or weak banks, have been merged or allowed to be taken over by healthier banks including their liabilities. But the proposed banking reforms bill may change that. That, some say, will give government banks, private banks and insurance agencies more power over your money. http://indiatoday.intoday.in/story/frdi-bill-banking-reforms -modi-government-india-parliament/1/1103422.html I Love Movies.... | ||
Wellsfargo Side Hero Username: Wellsfargo Post Number: 9081 Registered: 06-2012 Posted From: 183.83.212.146 Rating: N/A |
appudu obviously interest rates penchali. I think banks will be asked to pay the insurance. not individuals | ||
Lolligadu Hero Username: Lolligadu Post Number: 13810 Registered: 09-2012 Posted From: 103.200.40.212 Rating: N/A |
this.... ban Krishna_jilla for being a TT | ||
Lolligadu Hero Username: Lolligadu Post Number: 13809 Registered: 09-2012 Posted From: 103.200.40.212 Rating: N/A |
In the event of a bank failure only 1 lakh is paid back(in case the npa's and losses stack highly against bank assets) But FRDI is a necessary evil.... We don't want a US like situation where in case of a failure....if the bankruptcy is evident govt should take the responsibility as it and the RBI are at fault for not imposing regulations on them.... Before going for FRDI govt should look on regulations on lending and spending wisely..... ban Krishna_jilla for being a TT | ||
Andhrawala Legend Username: Andhrawala Post Number: 65111 Registered: 03-2008 Posted From: 136.56.13.159 Rating: N/A |
That shall be increased to Rs 25 lakhs No Signature | ||
Awara1984 Side Hero Username: Awara1984 Post Number: 8624 Registered: 12-2010 Posted From: 125.16.29.4 Rating: N/A |
intaka mundu kuda as per rule insurance or guarantee for deposits is limited to one lakh only | ||
Pele Junior Artist Username: Pele Post Number: 719 Registered: 10-2008 Posted From: 203.99.196.178 Rating: N/A |
to safegaurd depositors money, they might introduce insurance on deposits ask despositors to payextra for insurance | ||
Pele Junior Artist Username: Pele Post Number: 718 Registered: 10-2008 Posted From: 203.99.196.178 Rating: N/A |
antha commonsense unte emi excersice cheyyakunda dememonitization cheyyaleda | ||
Enigmatic Comedian Username: Enigmatic Post Number: 1248 Registered: 11-2010 Posted From: 98.115.156.236 Rating: N/A |
bank employees ee mutual funds ammi nanduku upfront + year end commisions vastayi. maa mother retire ayyinapudu bank manager annuity kuda suggest chesadu. 5 lakhs kadithe nelaki 2 k vastundi  . | ||
Nice Hero Username: Nice Post Number: 17775 Registered: 05-2009 Posted From: 115.112.100.11 Rating: N/A |
chaduvukunna auditors kuda nizam ani nammutunnaru ee rumors ni, modi medha antha nammakam padipoindhi people ki. But definite ga idhi aithe cheyyadu anukuntunna, assala common sense leni concept idhi mattuku. Janalaki emi cheppina oppukoru. GST, Demonitization ala kaadhu, edho avtundhi positive ga ani oka feeling undhi initial ga janallo, but deeniki ala undadhu, so no brainer | ||
Awara1984 Side Hero Username: Awara1984 Post Number: 8618 Registered: 12-2010 Posted From: 125.16.29.4 Rating: N/A |
whatsapp rumours nothing has changed in the bill can you imagine if a thing like this happens in one bank, will people believe in banking system Govt will never ever allow depositors to lose money as it takes out the credentials of banking system | ||
Wellsfargo Side Hero Username: Wellsfargo Post Number: 9076 Registered: 06-2012 Posted From: 183.83.212.146 Rating: N/A |
ee bank employees ki mutual funds teesukunte commission vasthadi. FD ki raadu. adi matter | ||
Pele Junior Artist Username: Pele Post Number: 717 Registered: 10-2008 Posted From: 203.99.197.174 Rating: N/A |
Govt has to take some decision on deposits. due to demonetization most of the money is in bank and inform of FD's. ppl are not taking money out from FD's and afraid to invest in real estate. i read some where, banks has to pay lot of money on interest for FD's or give that back to RBI . | ||
Ilovemovies Side Hero Username: Ilovemovies Post Number: 8841 Registered: 04-2014 Posted From: 97.125.233.73 Rating: N/A |
Indian banks ki bail in ki fixed deposits use chestamu ani aa bill lo vundi..adi president sign cheste law avutundi annaru.. I Love Movies.... | ||
Nice Hero Username: Nice Post Number: 17758 Registered: 05-2009 Posted From: 115.112.100.11 Rating: N/A |
too much ga spread avtondhi rumor mattuku. But I don't think so. Ee vidham gaanu idhi upayogapadadhu, either for Janam or for govt. Maa auditor kuda mee fixed deposits teesesukondi ani cheptunnaru gaani, intha METTA decision teesukuntadu ani nenaithe anukovatam ledhu | ||
Ilovemovies Side Hero Username: Ilovemovies Post Number: 8840 Registered: 04-2014 Posted From: 97.125.233.73 Rating: N/A |
Rumors kadanta...dec 31 na announce chestadu antunnaru..emergency ki dachukonna fixed deposits dobbestadu antunnaru..banks lo employees mutual funds teesukondi ani antunnaranta.. I Love Movies.... | ||
Nice Hero Username: Nice Post Number: 17738 Registered: 05-2009 Posted From: 122.174.118.192 Rating: N/A |
Fixed deposits gurinchena, rumor anukuntunna. Burra unna evvaru aa decision teesukoru | ||
Ilovemovies Side Hero Username: Ilovemovies Post Number: 8835 Registered: 04-2014 Posted From: 97.125.233.73 Rating: N/A |
 Enti babu ee darunam...evaranna vinnara? Morning parents tho matladite gola gola chestunnaru I Love Movies.... |