The petition was started by a Mumbai-based individual, Shilpa Shree, with a single signature and has got over 40,000 signups within 24 hours, supporting her appeal to Finance Minister Arun Jaitley to not let this bill pass with the "bail-in' provision". He assured that contrary to claims by Opposition parties, the government was committed to protect the rights of depositors.
"The provisions contained in the FRDI Bill, as introduced in the Parliament, do not modify present protections to the depositors adversely at all".
Key Highlight of the Financial Resolution and Deposit Insurance Bill, 2017.
Critics say the bill is anti-poor and aimed at minimising the losses of failing financial institutions. This has raised concerns that common people may have to bail out banks with their hard-earned money if a bank goes under.
The bill, which is with a parliamentary committee since August this year, has brought in a concept coined by the European banking crisis of 2008-09, called "bail-in" where a bank's depositors are forced to bear some of the burden of recapitalising the lender by having a portion of their deposits written off.
Pfizer Inc. (PFE) — Recommendation Trends Analysis
It worsened, as 43 investors sold BBY shares while 213 reduced holdings. 24 funds opened positions while 59 raised stakes. Market capitalization is the total market value of all of a company's outstanding shares. (NYSE:BBY) for 607 shares.
The bill has been criticized for some of its controversial provisions, including a "bail-in" clause which suggests that depositor money could be used by failing financial institutions to stay afloat. "Ultimately, bank deposits are considered the safest investment option by any investor". It seeks to create a new framework for resolving bankruptcy in banks, insurance companies.
The finance ministry has rejected reports that the Financial Resolution and Deposit Insurance Bill, 2017, which is now under the consideration of a joint parliamentary committee, will in any way adversely affect the interests of bank depositors.
In a statement today, Ministry of Finance said, the Bill does not propose in any way to limit the scope of powers for the Government to extend financing and resolution support to banks, including Public Sector Banks.
The government further said Indian banks have adequate capital and are also under prudent regulation and supervision to ensure safety and soundness as well as systemic stability. At present, all possible actions have been taken to prevent he failure of banks and protection of interests of depositors.
The statement comes in the wake of certain misgivings doing the rounds about the "bail-in" provision in the Financial Resolution and Deposit Insurance Bill, 2017 (FRDI Bill).
It improved, as 55 investors sold UNP shares while 498 reduced holdings. 108 funds opened positions while 483 raised stakes. The company has a market capitalization of $102,394.91, a P/E ratio of 22.98, a P/E/G ratio of 2.11 and a beta of 0.90.
Trent Franks , R-Ariz., is expected to announce his resignation Thursday evening, multiple Republican sources told NBC News. Right now, it is unclear why he is stepping down, but sources say there have been rumors of inappropriate behavior.
This cash is what a company uses to meet its financial obligations, such as making payments on debt or to pay out dividends. Acrospire Investment Management LLC lifted its stake in Interpublic Group of Companies by 755.0% during the 2nd quarter.
It gives me time to get healthy and the team time to find continuity. "It's the best possible scenario, time-wise". The Yahoo! Sports story said that Curry's right ankle will be re-evaluated in a couple weeks.
To fully grasp the existing nature of the stock, a trader will need to know the company's stock price to its revenues. Jpmorgan Chase Co accumulated 493,055 shares or 0.21% of the stock. 43,782 were reported by Hhr Asset Mgmt Lc.
It is positive, as 60 investors sold EMR shares while 407 reduced holdings. 42 funds opened positions while 133 raised stakes. The company has a market cap of $3,045.97, a PE ratio of 7.71, a price-to-earnings-growth ratio of 1.01 and a beta of 0.94.
After $0.80 actual EPS reported by Dorman Products, Inc. for the previous quarter, Wall Street now forecasts 7.50% EPS growth. Considering that the stock daily volume of 13.4 million shares, this represents a pretty noteworthy trading in volume size.
The court challenge had been raised by the Liberty Party, whose candidate Charles Brumskine had placed third. President Ellen Johnson Sirleaf is due to step down on January 18 after completing two five-year mandates.
Information in this release is fact checked and produced by competent editors of Nasdaq Journal; however, human error can exist . Com (NASDAQ: VTGN ) has Relative Strength Index (RSI 14) of 77.21 along with Average True Range (ATR 14) of 0.23.
In the most updated research from a number of analysts on Wall Street, the company gets 9 Buys and 1 Sell among 29 analysts. Following the transaction, the insider now directly owns 47,182 shares of the company's stock, valued at $2,206,702.14.
Wenger declares Walcott has Arsenal future
Giroud then retook his 64th minute penalty to make it 5-0 before Mohamed Elneny struck a curling shot to make it 6-0. As expected, the attendance for the game was rather less than the 54,000 tickets apparently sold by Arsenal .
Pearl Harbor Day commemorated today
As witnesses to the war pass, the monumental size of the conflict seems to shrink in the public's conscious. Three days later, Japan's allies Germany and Italy declared war against the United States.
McInnes on brink of Ibrox move
Despite Aberdeen's stance, The Times report Rangers could confirm the appointment of McInnes today. But getting McInnes in has proven tricky, with Aberdeen chairman Stewart Milne playing hardball.
Kim Kardashian Accused Of Plagiarising High Fashion Brands
Gvasalia is a long-time friend of Kardashian and her husband Kanye West , and the dress' design is named after him ('The Demna'). You might recognize the silver dress from Kim and North West's matching mommy-and-me moment last September .
Did Conor McGregor and Rita Ora get close on their 'date-night'?
The couple welcomed their first child together earlier this year and all signs are pointing towards getting married sometime soon. In the midst of the severe dragging that hit Conor and Rita, Devlin posted this adorable picture of McGregor's son, Conor Jr .
Sheetz installs new lighting to deter opioid use
Spokesman Nick Ruffner says the lighting is created to help customers and employees "avoid unsafe situations". In 2016, Westmoreland County had 174 overdose deaths, with the numbers in 2017 set to eclipse that .