What is FRDI Bill ? -International Economist V.Ananda Nagaeshwaran explains !

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.
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Reporter - T Murugan | Camera - Muthukumar | Edit - John calwin
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