FRDI Bill Explained by Economist V. Nagaeshwaran

The controversial Financial Resolution and Deposit Insurance (FRDI) bill, which was introduced in August. As per the draft FRDI bill, the proceeds from sale of assets of a bank would have first gone to insured depositors. In the previous regime, the depositors were insured for only Rs 1 lakh irrespective of the deposit made in a bank. The new bill, however, made no mention of the maximum amount of insured deposit. Experts said there was a possibility that the government and the Reserve Bank of India would have kept the same limit or lower. International economist Doctor. V Ananda Nagaeshwaran clarifies all our doubts about FRDI Bill.<br />CREDITS<br />Reporter - T Murugan | Camera - Muthukumar | Edit - John calwin<br />Subscribe : https://goo.gl/wVkvNp R.K Nagar Elections 2017: https://goo.gl/gwsPVr JV Breaks: https://goo.gl/JboVmG