    
Thedarkknight
Pilla Bewarse
Username: Thedarkknight
Post Number: 659
Registered: 07-2008
Posted From: 183.83.193.221
| | Posted on Saturday, December 16, 2017 - 4:12 pm: |
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http://www.iasparliament.com/blogs/pdf/the-financial-and-deposit-insurance-bill- 2017
Existing financial resolution lo nunchi
> "Deposit Insurance" ( provided by DICGC ) theesesi,
> Bail-in ( Utilization of funds of depositors towards the payments of Debts ) introduce chesaru.
Amalgamation ( Mergers & Acquisitions ) and Liquidation will stay as they are today. Bail-in comes before the Liquidation.
Basic ga "Financial Institutions" fail ayyetappudu DICGC & Govt valla kunna responsibilities ni common Public chethullo pedutunnaru ( forceful ga ).
Considering that corruption is prominent in India, FRDI bill may not work-out for the well-ness of people and has high chances of impacting "common & innocent" public in failure scenario.
Govt vallu money icchedi emi undadu kabatti, They will be lenient on failing banks and will wind up the process quick and thus impact the innocent depositors & common public.
Financial systems ni stabilize cheyalante, Debts theesukoney valla meeda & eggottey valla meeda ( Main reason for failure of financial institution ) rules strict cheyakunda,
innocent depositors meeda paddarento.
I dont wear spects, only wear contact lens(&goggles sometimes). Only code lang that i know are > c,c++,java,c# & scrpt lang.
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