It said interests of depositors would be better protected under the FRDI Bill.It said that bail-in amounts to liabilities’ holders bearing a part of the cost of resolution by reduction in their claims.It said that the Resolution Corporation will have the option to design an appropriate bail-in instrument, which will be subject to scrutiny and oversight of Parliament.42nd Day Of Lockdown Total Cases China journal bearing Factory “As per the provisions of the FRDI bill, the claims of uninsured depositors in the case of liquidation of a bank will be higher than those of the unsecured creditors and government dues.“Cancellation of the liability of the depositor beyond insured amount will be possible only with the prior consent of the depositor,” said the ministry. Therefore, the rights of uninsured depositors will [...]