Finance minister Arun Jaitley on Monday said the government will fully protect public deposits in financial institutions. Photo: Abhijit Bhatlekar/MintNew Delhi: All India Bank Employees Association (AIBEA) has threatened to go on strike if the Financial Resolution and Deposit Insurance Bill 2017, or FRDI Bill, is not amended to safeguard interest of depositors even as the government has assured that it will protect rights of customers. “Our banks deal with huge public money and total deposits in the banks today are more than Rs106 trillion. It is contemplating a strike action against this unwarranted FRDI Bill, if the government proceeds further (with the Bill),” it said. Also read: FRDI Bill: Arun Jaitley says public deposits will be protectedThe FRDI Bill is currently undergoing scrutiny by a joint committee of Parliament.

Source: Mint December 12, 2017 17:15 UTC