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The news of happiness came to the bank's accountants, as did Jaitley himself

"The news of happiness came to the bank's accountants, as did Jaitley himself.
The central government has said on the proposed financial statements and the Deposit Insurance Bill, 2017, that in the bill introduced in Parliament, the bank has not made any changes in security provisions for customers. This can damage their interest. The central government has claimed that the Bill introduced in Parliament has been trying to bring additional security to the customers as well as bring more transparency in the banking sector.
This reaction of the central government has been given to reject the claims that it was claimed that the bail-in provisions made in the FIRDC bill could jeopardize the deposits of the bank customers. The central government denies the misconceptions that on August 11, 2017, the introduction of the FRDI Bill in Lok Sabha is currently under consideration by the Joint Committee of Parliament. When the Joint Committee is working on this Bill, it is also working for every stakeholder. This can strengthen the security standards of bank customers.
According to the central government, deposits of up to Rs 1 lakh each to every bank's bank are given security under Deposit Insurance and Credit Guarantee Corporation. While no security of over Rs 1 lakh is given to any kind of security and is considered to be equivalent to the claim of the unsecured lender. However, with the central government giving security in the proposed bill, as well as unprotected money, it has also proposed to increase security standards.
The central government has claimed that the IRDA Bill Bank has been designed keeping in mind the interests of the customers. In other places, there is no provision of credit and depositors approval in the bail-in provisions.
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