Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
$message = 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
$stackFrame = (int) 1
$trace = [
	(int) 0 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php',
		'line' => (int) 2421,
		'function' => 'deprecationWarning',
		'args' => [
			(int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.'
		]
	],
	(int) 1 => [
		'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
		'line' => (int) 73,
		'function' => 'offsetGet',
		'class' => 'Cake\Http\ServerRequest',
		'object' => object(Cake\Http\ServerRequest) {},
		'type' => '->',
		'args' => [
			(int) 0 => 'catslug'
		]
	],
	(int) 2 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php',
		'line' => (int) 610,
		'function' => 'printArticle',
		'class' => 'App\Controller\ArtileDetailController',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 3 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 120,
		'function' => 'invokeAction',
		'class' => 'Cake\Controller\Controller',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 4 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 94,
		'function' => '_invoke',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(App\Controller\ArtileDetailController) {}
		]
	],
	(int) 5 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php',
		'line' => (int) 235,
		'function' => 'dispatch',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 6 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Http\BaseApplication',
		'object' => object(App\Application) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 7 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php',
		'line' => (int) 162,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 8 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\RoutingMiddleware',
		'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 9 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php',
		'line' => (int) 88,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 10 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\AssetMiddleware',
		'object' => object(Cake\Routing\Middleware\AssetMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 11 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php',
		'line' => (int) 96,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 12 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware',
		'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 13 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 51,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 14 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php',
		'line' => (int) 98,
		'function' => 'run',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\MiddlewareQueue) {},
			(int) 1 => object(Cake\Http\ServerRequest) {},
			(int) 2 => object(Cake\Http\Response) {}
		]
	],
	(int) 15 => [
		'file' => '/home/brlfuser/public_html/webroot/index.php',
		'line' => (int) 39,
		'function' => 'run',
		'class' => 'Cake\Http\Server',
		'object' => object(Cake\Http\Server) {},
		'type' => '->',
		'args' => []
	]
]
$frame = [
	'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
	'line' => (int) 73,
	'function' => 'offsetGet',
	'class' => 'Cake\Http\ServerRequest',
	'object' => object(Cake\Http\ServerRequest) {
		trustProxy => false
		[protected] params => [
			[maximum depth reached]
		]
		[protected] data => [[maximum depth reached]]
		[protected] query => [[maximum depth reached]]
		[protected] cookies => [
			[maximum depth reached]
		]
		[protected] _environment => [
			[maximum depth reached]
		]
		[protected] url => 'latest-news-updates/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors-richa-mishra-kr-srivats-4683551/print'
		[protected] base => ''
		[protected] webroot => '/'
		[protected] here => '/latest-news-updates/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors-richa-mishra-kr-srivats-4683551/print'
		[protected] trustedProxies => [[maximum depth reached]]
		[protected] _input => null
		[protected] _detectors => [
			[maximum depth reached]
		]
		[protected] _detectorCache => [
			[maximum depth reached]
		]
		[protected] stream => object(Zend\Diactoros\PhpInputStream) {}
		[protected] uri => object(Zend\Diactoros\Uri) {}
		[protected] session => object(Cake\Http\Session) {}
		[protected] attributes => [[maximum depth reached]]
		[protected] emulatedAttributes => [
			[maximum depth reached]
		]
		[protected] uploadedFiles => [[maximum depth reached]]
		[protected] protocol => null
		[protected] requestTarget => null
		[private] deprecatedProperties => [
			[maximum depth reached]
		]
	},
	'type' => '->',
	'args' => [
		(int) 0 => 'catslug'
	]
]
deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
$message = 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
$stackFrame = (int) 1
$trace = [
	(int) 0 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php',
		'line' => (int) 2421,
		'function' => 'deprecationWarning',
		'args' => [
			(int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.'
		]
	],
	(int) 1 => [
		'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
		'line' => (int) 74,
		'function' => 'offsetGet',
		'class' => 'Cake\Http\ServerRequest',
		'object' => object(Cake\Http\ServerRequest) {},
		'type' => '->',
		'args' => [
			(int) 0 => 'artileslug'
		]
	],
	(int) 2 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php',
		'line' => (int) 610,
		'function' => 'printArticle',
		'class' => 'App\Controller\ArtileDetailController',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 3 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 120,
		'function' => 'invokeAction',
		'class' => 'Cake\Controller\Controller',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 4 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 94,
		'function' => '_invoke',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(App\Controller\ArtileDetailController) {}
		]
	],
	(int) 5 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php',
		'line' => (int) 235,
		'function' => 'dispatch',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 6 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Http\BaseApplication',
		'object' => object(App\Application) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 7 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php',
		'line' => (int) 162,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 8 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\RoutingMiddleware',
		'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 9 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php',
		'line' => (int) 88,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 10 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\AssetMiddleware',
		'object' => object(Cake\Routing\Middleware\AssetMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 11 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php',
		'line' => (int) 96,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 12 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware',
		'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 13 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 51,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 14 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php',
		'line' => (int) 98,
		'function' => 'run',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\MiddlewareQueue) {},
			(int) 1 => object(Cake\Http\ServerRequest) {},
			(int) 2 => object(Cake\Http\Response) {}
		]
	],
	(int) 15 => [
		'file' => '/home/brlfuser/public_html/webroot/index.php',
		'line' => (int) 39,
		'function' => 'run',
		'class' => 'Cake\Http\Server',
		'object' => object(Cake\Http\Server) {},
		'type' => '->',
		'args' => []
	]
]
$frame = [
	'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
	'line' => (int) 74,
	'function' => 'offsetGet',
	'class' => 'Cake\Http\ServerRequest',
	'object' => object(Cake\Http\ServerRequest) {
		trustProxy => false
		[protected] params => [
			[maximum depth reached]
		]
		[protected] data => [[maximum depth reached]]
		[protected] query => [[maximum depth reached]]
		[protected] cookies => [
			[maximum depth reached]
		]
		[protected] _environment => [
			[maximum depth reached]
		]
		[protected] url => 'latest-news-updates/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors-richa-mishra-kr-srivats-4683551/print'
		[protected] base => ''
		[protected] webroot => '/'
		[protected] here => '/latest-news-updates/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors-richa-mishra-kr-srivats-4683551/print'
		[protected] trustedProxies => [[maximum depth reached]]
		[protected] _input => null
		[protected] _detectors => [
			[maximum depth reached]
		]
		[protected] _detectorCache => [
			[maximum depth reached]
		]
		[protected] stream => object(Zend\Diactoros\PhpInputStream) {}
		[protected] uri => object(Zend\Diactoros\Uri) {}
		[protected] session => object(Cake\Http\Session) {}
		[protected] attributes => [[maximum depth reached]]
		[protected] emulatedAttributes => [
			[maximum depth reached]
		]
		[protected] uploadedFiles => [[maximum depth reached]]
		[protected] protocol => null
		[protected] requestTarget => null
		[private] deprecatedProperties => [
			[maximum depth reached]
		]
	},
	'type' => '->',
	'args' => [
		(int) 0 => 'artileslug'
	]
]
deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68045a23b8855-trace').style.display = (document.getElementById('cakeErr68045a23b8855-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr68045a23b8855-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68045a23b8855-code').style.display = (document.getElementById('cakeErr68045a23b8855-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr68045a23b8855-context').style.display = (document.getElementById('cakeErr68045a23b8855-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr68045a23b8855-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr68045a23b8855-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 35444,
		&#039;title&#039; =&gt; &#039;Failing banks: Govt looking at refund mechanism to protect depositors -Richa Mishra &amp;amp; KR Srivats&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-The Hindu Business Line&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Bonds to make up for shortfall being considered&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;To ensure that a depositor does not lose his/her money during a resolution or insolvency process of any failing bank, the government was considering a refund mechanism.&lt;br /&gt;
&lt;br /&gt;
The newly proposed resolution and insolvency framework for financial entities envisages the framing of a new scheme for refund of depositors&amp;rsquo; monies in troubled banks, while providing higher protection to them, sources in the know said.&lt;br /&gt;
&lt;br /&gt;
The refund scheme would, among other things, provide for issuance of government bonds to depositors towards the shortfall, if any, on the amounts to be returned to depositors of troubled banks, an official said.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;What cannot be returned by way of cash immediately will be settled by way of bonds. The mechanism in the scheme will provide for return of monies part in cash and part in bonds,&amp;rdquo; the official said.&lt;br /&gt;
&lt;br /&gt;
The latest issue haunting Finance Minister Arun Jaitley and his team is the security of depositors&amp;rsquo; money under the proposed Financial Resolution and Deposit Insurance Bill.&lt;br /&gt;
&lt;br /&gt;
While Jaitley and others in the government have been assuring the safety of deposits, the Opposition has been raising questions about it.&lt;br /&gt;
&lt;br /&gt;
While the Bill has been referred to a Joint Committee of Parliament, which has been given time till the last date of Budget Session (likely to begin February 1) to submit its report, the government has been looking at options to address the contentious issue.&lt;br /&gt;
&lt;br /&gt;
The mechanism, according to sources, will give better protection for depositors as the current regime provides for only ?1 lakh insurance on deposits. Deposits over ?1 lakh have no protection and are with banks at the depositors&amp;rsquo; own risk, a banking industry observer said.&lt;br /&gt;
&lt;br /&gt;
In the past, the Reserve Bank of India, had through the instrumentality of forced mergers come to the rescue of depositors of failed banks or troubled banks. The RBI may not have significant role in future if the new resolution and insolvency framework for financial entities were to get enacted by Parliament.&lt;br /&gt;
&lt;br /&gt;
The Centre has through the Financial Resolution and Deposit Insurance Bill sought to provide a separate resolution and insolvency framework for financial entities such as banks and insurance companies. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.thehindubusinessline.com/money-and-banking/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors/article10007049.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Hindu Business Line, 31 December, 2017, http://www.thehindubusinessline.com/money-and-banking/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors/article10007049.ece?homepage=true&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors-richa-mishra-kr-srivats-4683551&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 4683551,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 35444,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Failing banks: Govt looking at refund mechanism to protect depositors -Richa Mishra &amp;amp; KR Srivats&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Bank Deposits,FRDI bill,Financial Resolution and Deposit Insurance (FRDI) Bill,Bonds,Financial Resolution Corporation&#039;,
	&#039;metaDesc&#039; =&gt; &#039;
-The Hindu Business Line

Bonds to make up for shortfall being considered

New Delhi: To ensure that a depositor does not lose his/her money during a resolution or insolvency process of any failing bank, the government was considering a refund mechanism.

The newly...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Hindu Business Line&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Bonds to make up for shortfall being considered&lt;br /&gt;&lt;br /&gt;New Delhi: &lt;/em&gt;To ensure that a depositor does not lose his/her money during a resolution or insolvency process of any failing bank, the government was considering a refund mechanism.&lt;br /&gt;&lt;br /&gt;The newly proposed resolution and insolvency framework for financial entities envisages the framing of a new scheme for refund of depositors&amp;rsquo; monies in troubled banks, while providing higher protection to them, sources in the know said.&lt;br /&gt;&lt;br /&gt;The refund scheme would, among other things, provide for issuance of government bonds to depositors towards the shortfall, if any, on the amounts to be returned to depositors of troubled banks, an official said.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;What cannot be returned by way of cash immediately will be settled by way of bonds. The mechanism in the scheme will provide for return of monies part in cash and part in bonds,&amp;rdquo; the official said.&lt;br /&gt;&lt;br /&gt;The latest issue haunting Finance Minister Arun Jaitley and his team is the security of depositors&amp;rsquo; money under the proposed Financial Resolution and Deposit Insurance Bill.&lt;br /&gt;&lt;br /&gt;While Jaitley and others in the government have been assuring the safety of deposits, the Opposition has been raising questions about it.&lt;br /&gt;&lt;br /&gt;While the Bill has been referred to a Joint Committee of Parliament, which has been given time till the last date of Budget Session (likely to begin February 1) to submit its report, the government has been looking at options to address the contentious issue.&lt;br /&gt;&lt;br /&gt;The mechanism, according to sources, will give better protection for depositors as the current regime provides for only ?1 lakh insurance on deposits. Deposits over ?1 lakh have no protection and are with banks at the depositors&amp;rsquo; own risk, a banking industry observer said.&lt;br /&gt;&lt;br /&gt;In the past, the Reserve Bank of India, had through the instrumentality of forced mergers come to the rescue of depositors of failed banks or troubled banks. The RBI may not have significant role in future if the new resolution and insolvency framework for financial entities were to get enacted by Parliament.&lt;br /&gt;&lt;br /&gt;The Centre has through the Financial Resolution and Deposit Insurance Bill sought to provide a separate resolution and insolvency framework for financial entities such as banks and insurance companies. &lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.thehindubusinessline.com/money-and-banking/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors/article10007049.ece?homepage=true&quot; title=&quot;http://www.thehindubusinessline.com/money-and-banking/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors/article10007049.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 35444,
	&#039;title&#039; =&gt; &#039;Failing banks: Govt looking at refund mechanism to protect depositors -Richa Mishra &amp;amp; KR Srivats&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-The Hindu Business Line&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Bonds to make up for shortfall being considered&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;To ensure that a depositor does not lose his/her money during a resolution or insolvency process of any failing bank, the government was considering a refund mechanism.&lt;br /&gt;
&lt;br /&gt;
The newly proposed resolution and insolvency framework for financial entities envisages the framing of a new scheme for refund of depositors&amp;rsquo; monies in troubled banks, while providing higher protection to them, sources in the know said.&lt;br /&gt;
&lt;br /&gt;
The refund scheme would, among other things, provide for issuance of government bonds to depositors towards the shortfall, if any, on the amounts to be returned to depositors of troubled banks, an official said.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;What cannot be returned by way of cash immediately will be settled by way of bonds. The mechanism in the scheme will provide for return of monies part in cash and part in bonds,&amp;rdquo; the official said.&lt;br /&gt;
&lt;br /&gt;
The latest issue haunting Finance Minister Arun Jaitley and his team is the security of depositors&amp;rsquo; money under the proposed Financial Resolution and Deposit Insurance Bill.&lt;br /&gt;
&lt;br /&gt;
While Jaitley and others in the government have been assuring the safety of deposits, the Opposition has been raising questions about it.&lt;br /&gt;
&lt;br /&gt;
While the Bill has been referred to a Joint Committee of Parliament, which has been given time till the last date of Budget Session (likely to begin February 1) to submit its report, the government has been looking at options to address the contentious issue.&lt;br /&gt;
&lt;br /&gt;
The mechanism, according to sources, will give better protection for depositors as the current regime provides for only ?1 lakh insurance on deposits. Deposits over ?1 lakh have no protection and are with banks at the depositors&amp;rsquo; own risk, a banking industry observer said.&lt;br /&gt;
&lt;br /&gt;
In the past, the Reserve Bank of India, had through the instrumentality of forced mergers come to the rescue of depositors of failed banks or troubled banks. The RBI may not have significant role in future if the new resolution and insolvency framework for financial entities were to get enacted by Parliament.&lt;br /&gt;
&lt;br /&gt;
The Centre has through the Financial Resolution and Deposit Insurance Bill sought to provide a separate resolution and insolvency framework for financial entities such as banks and insurance companies. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.thehindubusinessline.com/money-and-banking/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors/article10007049.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Hindu Business Line, 31 December, 2017, http://www.thehindubusinessline.com/money-and-banking/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors/article10007049.ece?homepage=true&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors-richa-mishra-kr-srivats-4683551&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 4683551,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {},
		(int) 2 =&gt; object(Cake\ORM\Entity) {},
		(int) 3 =&gt; object(Cake\ORM\Entity) {},
		(int) 4 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 35444
$metaTitle = &#039;LATEST NEWS UPDATES | Failing banks: Govt looking at refund mechanism to protect depositors -Richa Mishra &amp;amp; KR Srivats&#039;
$metaKeywords = &#039;Bank Deposits,FRDI bill,Financial Resolution and Deposit Insurance (FRDI) Bill,Bonds,Financial Resolution Corporation&#039;
$metaDesc = &#039;
-The Hindu Business Line

Bonds to make up for shortfall being considered

New Delhi: To ensure that a depositor does not lose his/her money during a resolution or insolvency process of any failing bank, the government was considering a refund mechanism.

The newly...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-The Hindu Business Line&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Bonds to make up for shortfall being considered&lt;br /&gt;&lt;br /&gt;New Delhi: &lt;/em&gt;To ensure that a depositor does not lose his/her money during a resolution or insolvency process of any failing bank, the government was considering a refund mechanism.&lt;br /&gt;&lt;br /&gt;The newly proposed resolution and insolvency framework for financial entities envisages the framing of a new scheme for refund of depositors&amp;rsquo; monies in troubled banks, while providing higher protection to them, sources in the know said.&lt;br /&gt;&lt;br /&gt;The refund scheme would, among other things, provide for issuance of government bonds to depositors towards the shortfall, if any, on the amounts to be returned to depositors of troubled banks, an official said.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;What cannot be returned by way of cash immediately will be settled by way of bonds. The mechanism in the scheme will provide for return of monies part in cash and part in bonds,&amp;rdquo; the official said.&lt;br /&gt;&lt;br /&gt;The latest issue haunting Finance Minister Arun Jaitley and his team is the security of depositors&amp;rsquo; money under the proposed Financial Resolution and Deposit Insurance Bill.&lt;br /&gt;&lt;br /&gt;While Jaitley and others in the government have been assuring the safety of deposits, the Opposition has been raising questions about it.&lt;br /&gt;&lt;br /&gt;While the Bill has been referred to a Joint Committee of Parliament, which has been given time till the last date of Budget Session (likely to begin February 1) to submit its report, the government has been looking at options to address the contentious issue.&lt;br /&gt;&lt;br /&gt;The mechanism, according to sources, will give better protection for depositors as the current regime provides for only ?1 lakh insurance on deposits. Deposits over ?1 lakh have no protection and are with banks at the depositors&amp;rsquo; own risk, a banking industry observer said.&lt;br /&gt;&lt;br /&gt;In the past, the Reserve Bank of India, had through the instrumentality of forced mergers come to the rescue of depositors of failed banks or troubled banks. The RBI may not have significant role in future if the new resolution and insolvency framework for financial entities were to get enacted by Parliament.&lt;br /&gt;&lt;br /&gt;The Centre has through the Financial Resolution and Deposit Insurance Bill sought to provide a separate resolution and insolvency framework for financial entities such as banks and insurance companies. &lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.thehindubusinessline.com/money-and-banking/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors/article10007049.ece?homepage=true&quot; title=&quot;http://www.thehindubusinessline.com/money-and-banking/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors/article10007049.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors-richa-mishra-kr-srivats-4683551.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | Failing banks: Govt looking at refund mechanism to protect depositors -Richa Mishra &amp; KR Srivats | Im4change.org</title>
    <meta name="description" content="
-The Hindu Business Line

Bonds to make up for shortfall being considered

New Delhi: To ensure that a depositor does not lose his/her money during a resolution or insolvency process of any failing bank, the government was considering a refund mechanism.

The newly..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>Failing banks: Govt looking at refund mechanism to protect depositors -Richa Mishra &amp; KR Srivats</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <div align="justify">-The Hindu Business Line<br /><br /><em>Bonds to make up for shortfall being considered<br /><br />New Delhi: </em>To ensure that a depositor does not lose his/her money during a resolution or insolvency process of any failing bank, the government was considering a refund mechanism.<br /><br />The newly proposed resolution and insolvency framework for financial entities envisages the framing of a new scheme for refund of depositors&rsquo; monies in troubled banks, while providing higher protection to them, sources in the know said.<br /><br />The refund scheme would, among other things, provide for issuance of government bonds to depositors towards the shortfall, if any, on the amounts to be returned to depositors of troubled banks, an official said.<br /><br />&ldquo;What cannot be returned by way of cash immediately will be settled by way of bonds. The mechanism in the scheme will provide for return of monies part in cash and part in bonds,&rdquo; the official said.<br /><br />The latest issue haunting Finance Minister Arun Jaitley and his team is the security of depositors&rsquo; money under the proposed Financial Resolution and Deposit Insurance Bill.<br /><br />While Jaitley and others in the government have been assuring the safety of deposits, the Opposition has been raising questions about it.<br /><br />While the Bill has been referred to a Joint Committee of Parliament, which has been given time till the last date of Budget Session (likely to begin February 1) to submit its report, the government has been looking at options to address the contentious issue.<br /><br />The mechanism, according to sources, will give better protection for depositors as the current regime provides for only ?1 lakh insurance on deposits. Deposits over ?1 lakh have no protection and are with banks at the depositors&rsquo; own risk, a banking industry observer said.<br /><br />In the past, the Reserve Bank of India, had through the instrumentality of forced mergers come to the rescue of depositors of failed banks or troubled banks. The RBI may not have significant role in future if the new resolution and insolvency framework for financial entities were to get enacted by Parliament.<br /><br />The Centre has through the Financial Resolution and Deposit Insurance Bill sought to provide a separate resolution and insolvency framework for financial entities such as banks and insurance companies. <br /><br />Please <a href="http://www.thehindubusinessline.com/money-and-banking/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors/article10007049.ece?homepage=true" title="http://www.thehindubusinessline.com/money-and-banking/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors/article10007049.ece?homepage=true">click here</a> to read more. <br /></div>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$maxBufferLength = (int) 8192
$file = '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php'
$line = (int) 853
$message = 'Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853'
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 48
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Code Context
            $response->getStatusCode(),

            ($reasonPhrase ? ' ' . $reasonPhrase : '')

        ));
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68045a23b8855-trace').style.display = (document.getElementById('cakeErr68045a23b8855-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr68045a23b8855-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68045a23b8855-code').style.display = (document.getElementById('cakeErr68045a23b8855-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr68045a23b8855-context').style.display = (document.getElementById('cakeErr68045a23b8855-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr68045a23b8855-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr68045a23b8855-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 35444,
		&#039;title&#039; =&gt; &#039;Failing banks: Govt looking at refund mechanism to protect depositors -Richa Mishra &amp;amp; KR Srivats&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-The Hindu Business Line&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Bonds to make up for shortfall being considered&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;To ensure that a depositor does not lose his/her money during a resolution or insolvency process of any failing bank, the government was considering a refund mechanism.&lt;br /&gt;
&lt;br /&gt;
The newly proposed resolution and insolvency framework for financial entities envisages the framing of a new scheme for refund of depositors&amp;rsquo; monies in troubled banks, while providing higher protection to them, sources in the know said.&lt;br /&gt;
&lt;br /&gt;
The refund scheme would, among other things, provide for issuance of government bonds to depositors towards the shortfall, if any, on the amounts to be returned to depositors of troubled banks, an official said.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;What cannot be returned by way of cash immediately will be settled by way of bonds. The mechanism in the scheme will provide for return of monies part in cash and part in bonds,&amp;rdquo; the official said.&lt;br /&gt;
&lt;br /&gt;
The latest issue haunting Finance Minister Arun Jaitley and his team is the security of depositors&amp;rsquo; money under the proposed Financial Resolution and Deposit Insurance Bill.&lt;br /&gt;
&lt;br /&gt;
While Jaitley and others in the government have been assuring the safety of deposits, the Opposition has been raising questions about it.&lt;br /&gt;
&lt;br /&gt;
While the Bill has been referred to a Joint Committee of Parliament, which has been given time till the last date of Budget Session (likely to begin February 1) to submit its report, the government has been looking at options to address the contentious issue.&lt;br /&gt;
&lt;br /&gt;
The mechanism, according to sources, will give better protection for depositors as the current regime provides for only ?1 lakh insurance on deposits. Deposits over ?1 lakh have no protection and are with banks at the depositors&amp;rsquo; own risk, a banking industry observer said.&lt;br /&gt;
&lt;br /&gt;
In the past, the Reserve Bank of India, had through the instrumentality of forced mergers come to the rescue of depositors of failed banks or troubled banks. The RBI may not have significant role in future if the new resolution and insolvency framework for financial entities were to get enacted by Parliament.&lt;br /&gt;
&lt;br /&gt;
The Centre has through the Financial Resolution and Deposit Insurance Bill sought to provide a separate resolution and insolvency framework for financial entities such as banks and insurance companies. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.thehindubusinessline.com/money-and-banking/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors/article10007049.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Hindu Business Line, 31 December, 2017, http://www.thehindubusinessline.com/money-and-banking/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors/article10007049.ece?homepage=true&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors-richa-mishra-kr-srivats-4683551&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 4683551,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 35444,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Failing banks: Govt looking at refund mechanism to protect depositors -Richa Mishra &amp;amp; KR Srivats&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Bank Deposits,FRDI bill,Financial Resolution and Deposit Insurance (FRDI) Bill,Bonds,Financial Resolution Corporation&#039;,
	&#039;metaDesc&#039; =&gt; &#039;
-The Hindu Business Line

Bonds to make up for shortfall being considered

New Delhi: To ensure that a depositor does not lose his/her money during a resolution or insolvency process of any failing bank, the government was considering a refund mechanism.

The newly...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Hindu Business Line&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Bonds to make up for shortfall being considered&lt;br /&gt;&lt;br /&gt;New Delhi: &lt;/em&gt;To ensure that a depositor does not lose his/her money during a resolution or insolvency process of any failing bank, the government was considering a refund mechanism.&lt;br /&gt;&lt;br /&gt;The newly proposed resolution and insolvency framework for financial entities envisages the framing of a new scheme for refund of depositors&amp;rsquo; monies in troubled banks, while providing higher protection to them, sources in the know said.&lt;br /&gt;&lt;br /&gt;The refund scheme would, among other things, provide for issuance of government bonds to depositors towards the shortfall, if any, on the amounts to be returned to depositors of troubled banks, an official said.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;What cannot be returned by way of cash immediately will be settled by way of bonds. The mechanism in the scheme will provide for return of monies part in cash and part in bonds,&amp;rdquo; the official said.&lt;br /&gt;&lt;br /&gt;The latest issue haunting Finance Minister Arun Jaitley and his team is the security of depositors&amp;rsquo; money under the proposed Financial Resolution and Deposit Insurance Bill.&lt;br /&gt;&lt;br /&gt;While Jaitley and others in the government have been assuring the safety of deposits, the Opposition has been raising questions about it.&lt;br /&gt;&lt;br /&gt;While the Bill has been referred to a Joint Committee of Parliament, which has been given time till the last date of Budget Session (likely to begin February 1) to submit its report, the government has been looking at options to address the contentious issue.&lt;br /&gt;&lt;br /&gt;The mechanism, according to sources, will give better protection for depositors as the current regime provides for only ?1 lakh insurance on deposits. Deposits over ?1 lakh have no protection and are with banks at the depositors&amp;rsquo; own risk, a banking industry observer said.&lt;br /&gt;&lt;br /&gt;In the past, the Reserve Bank of India, had through the instrumentality of forced mergers come to the rescue of depositors of failed banks or troubled banks. The RBI may not have significant role in future if the new resolution and insolvency framework for financial entities were to get enacted by Parliament.&lt;br /&gt;&lt;br /&gt;The Centre has through the Financial Resolution and Deposit Insurance Bill sought to provide a separate resolution and insolvency framework for financial entities such as banks and insurance companies. &lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.thehindubusinessline.com/money-and-banking/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors/article10007049.ece?homepage=true&quot; title=&quot;http://www.thehindubusinessline.com/money-and-banking/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors/article10007049.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 35444,
	&#039;title&#039; =&gt; &#039;Failing banks: Govt looking at refund mechanism to protect depositors -Richa Mishra &amp;amp; KR Srivats&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-The Hindu Business Line&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Bonds to make up for shortfall being considered&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;To ensure that a depositor does not lose his/her money during a resolution or insolvency process of any failing bank, the government was considering a refund mechanism.&lt;br /&gt;
&lt;br /&gt;
The newly proposed resolution and insolvency framework for financial entities envisages the framing of a new scheme for refund of depositors&amp;rsquo; monies in troubled banks, while providing higher protection to them, sources in the know said.&lt;br /&gt;
&lt;br /&gt;
The refund scheme would, among other things, provide for issuance of government bonds to depositors towards the shortfall, if any, on the amounts to be returned to depositors of troubled banks, an official said.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;What cannot be returned by way of cash immediately will be settled by way of bonds. The mechanism in the scheme will provide for return of monies part in cash and part in bonds,&amp;rdquo; the official said.&lt;br /&gt;
&lt;br /&gt;
The latest issue haunting Finance Minister Arun Jaitley and his team is the security of depositors&amp;rsquo; money under the proposed Financial Resolution and Deposit Insurance Bill.&lt;br /&gt;
&lt;br /&gt;
While Jaitley and others in the government have been assuring the safety of deposits, the Opposition has been raising questions about it.&lt;br /&gt;
&lt;br /&gt;
While the Bill has been referred to a Joint Committee of Parliament, which has been given time till the last date of Budget Session (likely to begin February 1) to submit its report, the government has been looking at options to address the contentious issue.&lt;br /&gt;
&lt;br /&gt;
The mechanism, according to sources, will give better protection for depositors as the current regime provides for only ?1 lakh insurance on deposits. Deposits over ?1 lakh have no protection and are with banks at the depositors&amp;rsquo; own risk, a banking industry observer said.&lt;br /&gt;
&lt;br /&gt;
In the past, the Reserve Bank of India, had through the instrumentality of forced mergers come to the rescue of depositors of failed banks or troubled banks. The RBI may not have significant role in future if the new resolution and insolvency framework for financial entities were to get enacted by Parliament.&lt;br /&gt;
&lt;br /&gt;
The Centre has through the Financial Resolution and Deposit Insurance Bill sought to provide a separate resolution and insolvency framework for financial entities such as banks and insurance companies. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.thehindubusinessline.com/money-and-banking/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors/article10007049.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Hindu Business Line, 31 December, 2017, http://www.thehindubusinessline.com/money-and-banking/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors/article10007049.ece?homepage=true&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors-richa-mishra-kr-srivats-4683551&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 4683551,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {},
		(int) 2 =&gt; object(Cake\ORM\Entity) {},
		(int) 3 =&gt; object(Cake\ORM\Entity) {},
		(int) 4 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 35444
$metaTitle = &#039;LATEST NEWS UPDATES | Failing banks: Govt looking at refund mechanism to protect depositors -Richa Mishra &amp;amp; KR Srivats&#039;
$metaKeywords = &#039;Bank Deposits,FRDI bill,Financial Resolution and Deposit Insurance (FRDI) Bill,Bonds,Financial Resolution Corporation&#039;
$metaDesc = &#039;
-The Hindu Business Line

Bonds to make up for shortfall being considered

New Delhi: To ensure that a depositor does not lose his/her money during a resolution or insolvency process of any failing bank, the government was considering a refund mechanism.

The newly...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-The Hindu Business Line&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Bonds to make up for shortfall being considered&lt;br /&gt;&lt;br /&gt;New Delhi: &lt;/em&gt;To ensure that a depositor does not lose his/her money during a resolution or insolvency process of any failing bank, the government was considering a refund mechanism.&lt;br /&gt;&lt;br /&gt;The newly proposed resolution and insolvency framework for financial entities envisages the framing of a new scheme for refund of depositors&amp;rsquo; monies in troubled banks, while providing higher protection to them, sources in the know said.&lt;br /&gt;&lt;br /&gt;The refund scheme would, among other things, provide for issuance of government bonds to depositors towards the shortfall, if any, on the amounts to be returned to depositors of troubled banks, an official said.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;What cannot be returned by way of cash immediately will be settled by way of bonds. The mechanism in the scheme will provide for return of monies part in cash and part in bonds,&amp;rdquo; the official said.&lt;br /&gt;&lt;br /&gt;The latest issue haunting Finance Minister Arun Jaitley and his team is the security of depositors&amp;rsquo; money under the proposed Financial Resolution and Deposit Insurance Bill.&lt;br /&gt;&lt;br /&gt;While Jaitley and others in the government have been assuring the safety of deposits, the Opposition has been raising questions about it.&lt;br /&gt;&lt;br /&gt;While the Bill has been referred to a Joint Committee of Parliament, which has been given time till the last date of Budget Session (likely to begin February 1) to submit its report, the government has been looking at options to address the contentious issue.&lt;br /&gt;&lt;br /&gt;The mechanism, according to sources, will give better protection for depositors as the current regime provides for only ?1 lakh insurance on deposits. Deposits over ?1 lakh have no protection and are with banks at the depositors&amp;rsquo; own risk, a banking industry observer said.&lt;br /&gt;&lt;br /&gt;In the past, the Reserve Bank of India, had through the instrumentality of forced mergers come to the rescue of depositors of failed banks or troubled banks. The RBI may not have significant role in future if the new resolution and insolvency framework for financial entities were to get enacted by Parliament.&lt;br /&gt;&lt;br /&gt;The Centre has through the Financial Resolution and Deposit Insurance Bill sought to provide a separate resolution and insolvency framework for financial entities such as banks and insurance companies. &lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.thehindubusinessline.com/money-and-banking/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors/article10007049.ece?homepage=true&quot; title=&quot;http://www.thehindubusinessline.com/money-and-banking/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors/article10007049.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors-richa-mishra-kr-srivats-4683551.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | Failing banks: Govt looking at refund mechanism to protect depositors -Richa Mishra &amp; KR Srivats | Im4change.org</title>
    <meta name="description" content="
-The Hindu Business Line

Bonds to make up for shortfall being considered

New Delhi: To ensure that a depositor does not lose his/her money during a resolution or insolvency process of any failing bank, the government was considering a refund mechanism.

The newly..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>Failing banks: Govt looking at refund mechanism to protect depositors -Richa Mishra &amp; KR Srivats</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <div align="justify">-The Hindu Business Line<br /><br /><em>Bonds to make up for shortfall being considered<br /><br />New Delhi: </em>To ensure that a depositor does not lose his/her money during a resolution or insolvency process of any failing bank, the government was considering a refund mechanism.<br /><br />The newly proposed resolution and insolvency framework for financial entities envisages the framing of a new scheme for refund of depositors&rsquo; monies in troubled banks, while providing higher protection to them, sources in the know said.<br /><br />The refund scheme would, among other things, provide for issuance of government bonds to depositors towards the shortfall, if any, on the amounts to be returned to depositors of troubled banks, an official said.<br /><br />&ldquo;What cannot be returned by way of cash immediately will be settled by way of bonds. The mechanism in the scheme will provide for return of monies part in cash and part in bonds,&rdquo; the official said.<br /><br />The latest issue haunting Finance Minister Arun Jaitley and his team is the security of depositors&rsquo; money under the proposed Financial Resolution and Deposit Insurance Bill.<br /><br />While Jaitley and others in the government have been assuring the safety of deposits, the Opposition has been raising questions about it.<br /><br />While the Bill has been referred to a Joint Committee of Parliament, which has been given time till the last date of Budget Session (likely to begin February 1) to submit its report, the government has been looking at options to address the contentious issue.<br /><br />The mechanism, according to sources, will give better protection for depositors as the current regime provides for only ?1 lakh insurance on deposits. Deposits over ?1 lakh have no protection and are with banks at the depositors&rsquo; own risk, a banking industry observer said.<br /><br />In the past, the Reserve Bank of India, had through the instrumentality of forced mergers come to the rescue of depositors of failed banks or troubled banks. The RBI may not have significant role in future if the new resolution and insolvency framework for financial entities were to get enacted by Parliament.<br /><br />The Centre has through the Financial Resolution and Deposit Insurance Bill sought to provide a separate resolution and insolvency framework for financial entities such as banks and insurance companies. <br /><br />Please <a href="http://www.thehindubusinessline.com/money-and-banking/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors/article10007049.ece?homepage=true" title="http://www.thehindubusinessline.com/money-and-banking/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors/article10007049.ece?homepage=true">click here</a> to read more. <br /></div>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$reasonPhrase = 'OK'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitStatusLine() - CORE/src/Http/ResponseEmitter.php, line 148
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 54
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
Code Context
                    $value

                ), $first);

                $first = false;
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68045a23b8855-trace').style.display = (document.getElementById('cakeErr68045a23b8855-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr68045a23b8855-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68045a23b8855-code').style.display = (document.getElementById('cakeErr68045a23b8855-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr68045a23b8855-context').style.display = (document.getElementById('cakeErr68045a23b8855-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr68045a23b8855-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr68045a23b8855-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 35444,
		&#039;title&#039; =&gt; &#039;Failing banks: Govt looking at refund mechanism to protect depositors -Richa Mishra &amp;amp; KR Srivats&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-The Hindu Business Line&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Bonds to make up for shortfall being considered&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;To ensure that a depositor does not lose his/her money during a resolution or insolvency process of any failing bank, the government was considering a refund mechanism.&lt;br /&gt;
&lt;br /&gt;
The newly proposed resolution and insolvency framework for financial entities envisages the framing of a new scheme for refund of depositors&amp;rsquo; monies in troubled banks, while providing higher protection to them, sources in the know said.&lt;br /&gt;
&lt;br /&gt;
The refund scheme would, among other things, provide for issuance of government bonds to depositors towards the shortfall, if any, on the amounts to be returned to depositors of troubled banks, an official said.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;What cannot be returned by way of cash immediately will be settled by way of bonds. The mechanism in the scheme will provide for return of monies part in cash and part in bonds,&amp;rdquo; the official said.&lt;br /&gt;
&lt;br /&gt;
The latest issue haunting Finance Minister Arun Jaitley and his team is the security of depositors&amp;rsquo; money under the proposed Financial Resolution and Deposit Insurance Bill.&lt;br /&gt;
&lt;br /&gt;
While Jaitley and others in the government have been assuring the safety of deposits, the Opposition has been raising questions about it.&lt;br /&gt;
&lt;br /&gt;
While the Bill has been referred to a Joint Committee of Parliament, which has been given time till the last date of Budget Session (likely to begin February 1) to submit its report, the government has been looking at options to address the contentious issue.&lt;br /&gt;
&lt;br /&gt;
The mechanism, according to sources, will give better protection for depositors as the current regime provides for only ?1 lakh insurance on deposits. Deposits over ?1 lakh have no protection and are with banks at the depositors&amp;rsquo; own risk, a banking industry observer said.&lt;br /&gt;
&lt;br /&gt;
In the past, the Reserve Bank of India, had through the instrumentality of forced mergers come to the rescue of depositors of failed banks or troubled banks. The RBI may not have significant role in future if the new resolution and insolvency framework for financial entities were to get enacted by Parliament.&lt;br /&gt;
&lt;br /&gt;
The Centre has through the Financial Resolution and Deposit Insurance Bill sought to provide a separate resolution and insolvency framework for financial entities such as banks and insurance companies. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.thehindubusinessline.com/money-and-banking/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors/article10007049.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Hindu Business Line, 31 December, 2017, http://www.thehindubusinessline.com/money-and-banking/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors/article10007049.ece?homepage=true&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors-richa-mishra-kr-srivats-4683551&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 4683551,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 35444,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Failing banks: Govt looking at refund mechanism to protect depositors -Richa Mishra &amp;amp; KR Srivats&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Bank Deposits,FRDI bill,Financial Resolution and Deposit Insurance (FRDI) Bill,Bonds,Financial Resolution Corporation&#039;,
	&#039;metaDesc&#039; =&gt; &#039;
-The Hindu Business Line

Bonds to make up for shortfall being considered

New Delhi: To ensure that a depositor does not lose his/her money during a resolution or insolvency process of any failing bank, the government was considering a refund mechanism.

The newly...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Hindu Business Line&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Bonds to make up for shortfall being considered&lt;br /&gt;&lt;br /&gt;New Delhi: &lt;/em&gt;To ensure that a depositor does not lose his/her money during a resolution or insolvency process of any failing bank, the government was considering a refund mechanism.&lt;br /&gt;&lt;br /&gt;The newly proposed resolution and insolvency framework for financial entities envisages the framing of a new scheme for refund of depositors&amp;rsquo; monies in troubled banks, while providing higher protection to them, sources in the know said.&lt;br /&gt;&lt;br /&gt;The refund scheme would, among other things, provide for issuance of government bonds to depositors towards the shortfall, if any, on the amounts to be returned to depositors of troubled banks, an official said.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;What cannot be returned by way of cash immediately will be settled by way of bonds. The mechanism in the scheme will provide for return of monies part in cash and part in bonds,&amp;rdquo; the official said.&lt;br /&gt;&lt;br /&gt;The latest issue haunting Finance Minister Arun Jaitley and his team is the security of depositors&amp;rsquo; money under the proposed Financial Resolution and Deposit Insurance Bill.&lt;br /&gt;&lt;br /&gt;While Jaitley and others in the government have been assuring the safety of deposits, the Opposition has been raising questions about it.&lt;br /&gt;&lt;br /&gt;While the Bill has been referred to a Joint Committee of Parliament, which has been given time till the last date of Budget Session (likely to begin February 1) to submit its report, the government has been looking at options to address the contentious issue.&lt;br /&gt;&lt;br /&gt;The mechanism, according to sources, will give better protection for depositors as the current regime provides for only ?1 lakh insurance on deposits. Deposits over ?1 lakh have no protection and are with banks at the depositors&amp;rsquo; own risk, a banking industry observer said.&lt;br /&gt;&lt;br /&gt;In the past, the Reserve Bank of India, had through the instrumentality of forced mergers come to the rescue of depositors of failed banks or troubled banks. The RBI may not have significant role in future if the new resolution and insolvency framework for financial entities were to get enacted by Parliament.&lt;br /&gt;&lt;br /&gt;The Centre has through the Financial Resolution and Deposit Insurance Bill sought to provide a separate resolution and insolvency framework for financial entities such as banks and insurance companies. &lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.thehindubusinessline.com/money-and-banking/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors/article10007049.ece?homepage=true&quot; title=&quot;http://www.thehindubusinessline.com/money-and-banking/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors/article10007049.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 35444,
	&#039;title&#039; =&gt; &#039;Failing banks: Govt looking at refund mechanism to protect depositors -Richa Mishra &amp;amp; KR Srivats&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-The Hindu Business Line&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Bonds to make up for shortfall being considered&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;To ensure that a depositor does not lose his/her money during a resolution or insolvency process of any failing bank, the government was considering a refund mechanism.&lt;br /&gt;
&lt;br /&gt;
The newly proposed resolution and insolvency framework for financial entities envisages the framing of a new scheme for refund of depositors&amp;rsquo; monies in troubled banks, while providing higher protection to them, sources in the know said.&lt;br /&gt;
&lt;br /&gt;
The refund scheme would, among other things, provide for issuance of government bonds to depositors towards the shortfall, if any, on the amounts to be returned to depositors of troubled banks, an official said.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;What cannot be returned by way of cash immediately will be settled by way of bonds. The mechanism in the scheme will provide for return of monies part in cash and part in bonds,&amp;rdquo; the official said.&lt;br /&gt;
&lt;br /&gt;
The latest issue haunting Finance Minister Arun Jaitley and his team is the security of depositors&amp;rsquo; money under the proposed Financial Resolution and Deposit Insurance Bill.&lt;br /&gt;
&lt;br /&gt;
While Jaitley and others in the government have been assuring the safety of deposits, the Opposition has been raising questions about it.&lt;br /&gt;
&lt;br /&gt;
While the Bill has been referred to a Joint Committee of Parliament, which has been given time till the last date of Budget Session (likely to begin February 1) to submit its report, the government has been looking at options to address the contentious issue.&lt;br /&gt;
&lt;br /&gt;
The mechanism, according to sources, will give better protection for depositors as the current regime provides for only ?1 lakh insurance on deposits. Deposits over ?1 lakh have no protection and are with banks at the depositors&amp;rsquo; own risk, a banking industry observer said.&lt;br /&gt;
&lt;br /&gt;
In the past, the Reserve Bank of India, had through the instrumentality of forced mergers come to the rescue of depositors of failed banks or troubled banks. The RBI may not have significant role in future if the new resolution and insolvency framework for financial entities were to get enacted by Parliament.&lt;br /&gt;
&lt;br /&gt;
The Centre has through the Financial Resolution and Deposit Insurance Bill sought to provide a separate resolution and insolvency framework for financial entities such as banks and insurance companies. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.thehindubusinessline.com/money-and-banking/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors/article10007049.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Hindu Business Line, 31 December, 2017, http://www.thehindubusinessline.com/money-and-banking/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors/article10007049.ece?homepage=true&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors-richa-mishra-kr-srivats-4683551&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 4683551,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {},
		(int) 2 =&gt; object(Cake\ORM\Entity) {},
		(int) 3 =&gt; object(Cake\ORM\Entity) {},
		(int) 4 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 35444
$metaTitle = &#039;LATEST NEWS UPDATES | Failing banks: Govt looking at refund mechanism to protect depositors -Richa Mishra &amp;amp; KR Srivats&#039;
$metaKeywords = &#039;Bank Deposits,FRDI bill,Financial Resolution and Deposit Insurance (FRDI) Bill,Bonds,Financial Resolution Corporation&#039;
$metaDesc = &#039;
-The Hindu Business Line

Bonds to make up for shortfall being considered

New Delhi: To ensure that a depositor does not lose his/her money during a resolution or insolvency process of any failing bank, the government was considering a refund mechanism.

The newly...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-The Hindu Business Line&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Bonds to make up for shortfall being considered&lt;br /&gt;&lt;br /&gt;New Delhi: &lt;/em&gt;To ensure that a depositor does not lose his/her money during a resolution or insolvency process of any failing bank, the government was considering a refund mechanism.&lt;br /&gt;&lt;br /&gt;The newly proposed resolution and insolvency framework for financial entities envisages the framing of a new scheme for refund of depositors&amp;rsquo; monies in troubled banks, while providing higher protection to them, sources in the know said.&lt;br /&gt;&lt;br /&gt;The refund scheme would, among other things, provide for issuance of government bonds to depositors towards the shortfall, if any, on the amounts to be returned to depositors of troubled banks, an official said.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;What cannot be returned by way of cash immediately will be settled by way of bonds. The mechanism in the scheme will provide for return of monies part in cash and part in bonds,&amp;rdquo; the official said.&lt;br /&gt;&lt;br /&gt;The latest issue haunting Finance Minister Arun Jaitley and his team is the security of depositors&amp;rsquo; money under the proposed Financial Resolution and Deposit Insurance Bill.&lt;br /&gt;&lt;br /&gt;While Jaitley and others in the government have been assuring the safety of deposits, the Opposition has been raising questions about it.&lt;br /&gt;&lt;br /&gt;While the Bill has been referred to a Joint Committee of Parliament, which has been given time till the last date of Budget Session (likely to begin February 1) to submit its report, the government has been looking at options to address the contentious issue.&lt;br /&gt;&lt;br /&gt;The mechanism, according to sources, will give better protection for depositors as the current regime provides for only ?1 lakh insurance on deposits. Deposits over ?1 lakh have no protection and are with banks at the depositors&amp;rsquo; own risk, a banking industry observer said.&lt;br /&gt;&lt;br /&gt;In the past, the Reserve Bank of India, had through the instrumentality of forced mergers come to the rescue of depositors of failed banks or troubled banks. The RBI may not have significant role in future if the new resolution and insolvency framework for financial entities were to get enacted by Parliament.&lt;br /&gt;&lt;br /&gt;The Centre has through the Financial Resolution and Deposit Insurance Bill sought to provide a separate resolution and insolvency framework for financial entities such as banks and insurance companies. &lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.thehindubusinessline.com/money-and-banking/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors/article10007049.ece?homepage=true&quot; title=&quot;http://www.thehindubusinessline.com/money-and-banking/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors/article10007049.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors-richa-mishra-kr-srivats-4683551.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | Failing banks: Govt looking at refund mechanism to protect depositors -Richa Mishra &amp; KR Srivats | Im4change.org</title>
    <meta name="description" content="
-The Hindu Business Line

Bonds to make up for shortfall being considered

New Delhi: To ensure that a depositor does not lose his/her money during a resolution or insolvency process of any failing bank, the government was considering a refund mechanism.

The newly..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>Failing banks: Govt looking at refund mechanism to protect depositors -Richa Mishra &amp; KR Srivats</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <div align="justify">-The Hindu Business Line<br /><br /><em>Bonds to make up for shortfall being considered<br /><br />New Delhi: </em>To ensure that a depositor does not lose his/her money during a resolution or insolvency process of any failing bank, the government was considering a refund mechanism.<br /><br />The newly proposed resolution and insolvency framework for financial entities envisages the framing of a new scheme for refund of depositors&rsquo; monies in troubled banks, while providing higher protection to them, sources in the know said.<br /><br />The refund scheme would, among other things, provide for issuance of government bonds to depositors towards the shortfall, if any, on the amounts to be returned to depositors of troubled banks, an official said.<br /><br />&ldquo;What cannot be returned by way of cash immediately will be settled by way of bonds. The mechanism in the scheme will provide for return of monies part in cash and part in bonds,&rdquo; the official said.<br /><br />The latest issue haunting Finance Minister Arun Jaitley and his team is the security of depositors&rsquo; money under the proposed Financial Resolution and Deposit Insurance Bill.<br /><br />While Jaitley and others in the government have been assuring the safety of deposits, the Opposition has been raising questions about it.<br /><br />While the Bill has been referred to a Joint Committee of Parliament, which has been given time till the last date of Budget Session (likely to begin February 1) to submit its report, the government has been looking at options to address the contentious issue.<br /><br />The mechanism, according to sources, will give better protection for depositors as the current regime provides for only ?1 lakh insurance on deposits. Deposits over ?1 lakh have no protection and are with banks at the depositors&rsquo; own risk, a banking industry observer said.<br /><br />In the past, the Reserve Bank of India, had through the instrumentality of forced mergers come to the rescue of depositors of failed banks or troubled banks. The RBI may not have significant role in future if the new resolution and insolvency framework for financial entities were to get enacted by Parliament.<br /><br />The Centre has through the Financial Resolution and Deposit Insurance Bill sought to provide a separate resolution and insolvency framework for financial entities such as banks and insurance companies. <br /><br />Please <a href="http://www.thehindubusinessline.com/money-and-banking/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors/article10007049.ece?homepage=true" title="http://www.thehindubusinessline.com/money-and-banking/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors/article10007049.ece?homepage=true">click here</a> to read more. <br /></div>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$cookies = []
$values = [
	(int) 0 => 'text/html; charset=UTF-8'
]
$name = 'Content-Type'
$first = true
$value = 'text/html; charset=UTF-8'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitHeaders() - CORE/src/Http/ResponseEmitter.php, line 181
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 55
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

<head>

    <link rel="canonical" href="<?php echo Configure::read('SITE_URL'); ?><?php echo $urlPrefix;?><?php echo $article_current->category->slug; ?>/<?php echo $article_current->seo_url; ?>.html"/>

    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>

$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp'
$dataForView = [
	'article_current' => object(App\Model\Entity\Article) {

		'id' => (int) 35444,
		'title' => 'Failing banks: Govt looking at refund mechanism to protect depositors -Richa Mishra & KR Srivats',
		'subheading' => '',
		'description' => '<div align="justify">
-The Hindu Business Line<br />
<br />
<em>Bonds to make up for shortfall being considered<br />
<br />
New Delhi: </em>To ensure that a depositor does not lose his/her money during a resolution or insolvency process of any failing bank, the government was considering a refund mechanism.<br />
<br />
The newly proposed resolution and insolvency framework for financial entities envisages the framing of a new scheme for refund of depositors&rsquo; monies in troubled banks, while providing higher protection to them, sources in the know said.<br />
<br />
The refund scheme would, among other things, provide for issuance of government bonds to depositors towards the shortfall, if any, on the amounts to be returned to depositors of troubled banks, an official said.<br />
<br />
&ldquo;What cannot be returned by way of cash immediately will be settled by way of bonds. The mechanism in the scheme will provide for return of monies part in cash and part in bonds,&rdquo; the official said.<br />
<br />
The latest issue haunting Finance Minister Arun Jaitley and his team is the security of depositors&rsquo; money under the proposed Financial Resolution and Deposit Insurance Bill.<br />
<br />
While Jaitley and others in the government have been assuring the safety of deposits, the Opposition has been raising questions about it.<br />
<br />
While the Bill has been referred to a Joint Committee of Parliament, which has been given time till the last date of Budget Session (likely to begin February 1) to submit its report, the government has been looking at options to address the contentious issue.<br />
<br />
The mechanism, according to sources, will give better protection for depositors as the current regime provides for only ?1 lakh insurance on deposits. Deposits over ?1 lakh have no protection and are with banks at the depositors&rsquo; own risk, a banking industry observer said.<br />
<br />
In the past, the Reserve Bank of India, had through the instrumentality of forced mergers come to the rescue of depositors of failed banks or troubled banks. The RBI may not have significant role in future if the new resolution and insolvency framework for financial entities were to get enacted by Parliament.<br />
<br />
The Centre has through the Financial Resolution and Deposit Insurance Bill sought to provide a separate resolution and insolvency framework for financial entities such as banks and insurance companies. <br />
<br />
Please <a href="http://www.thehindubusinessline.com/money-and-banking/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors/article10007049.ece?homepage=true">click here</a> to read more. <br />
</div>',
		'credit_writer' => 'The Hindu Business Line, 31 December, 2017, http://www.thehindubusinessline.com/money-and-banking/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors/article10007049.ece?homepage=true',
		'article_img' => '',
		'article_img_thumb' => '',
		'status' => (int) 1,
		'show_on_home' => (int) 1,
		'lang' => 'EN',
		'category_id' => (int) 16,
		'tag_keyword' => '',
		'seo_url' => 'failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors-richa-mishra-kr-srivats-4683551',
		'meta_title' => null,
		'meta_keywords' => null,
		'meta_description' => null,
		'noindex' => (int) 0,
		'publish_date' => object(Cake\I18n\FrozenDate) {},
		'most_visit_section_id' => null,
		'article_big_img' => null,
		'liveid' => (int) 4683551,
		'created' => object(Cake\I18n\FrozenTime) {},
		'modified' => object(Cake\I18n\FrozenTime) {},
		'edate' => '',
		'tags' => [
			[maximum depth reached]
		],
		'category' => object(App\Model\Entity\Category) {},
		'[new]' => false,
		'[accessible]' => [
			[maximum depth reached]
		],
		'[dirty]' => [[maximum depth reached]],
		'[original]' => [[maximum depth reached]],
		'[virtual]' => [[maximum depth reached]],
		'[hasErrors]' => false,
		'[errors]' => [[maximum depth reached]],
		'[invalid]' => [[maximum depth reached]],
		'[repository]' => 'Articles'
	
	},
	'articleid' => (int) 35444,
	'metaTitle' => 'LATEST NEWS UPDATES | Failing banks: Govt looking at refund mechanism to protect depositors -Richa Mishra &amp; KR Srivats',
	'metaKeywords' => 'Bank Deposits,FRDI bill,Financial Resolution and Deposit Insurance (FRDI) Bill,Bonds,Financial Resolution Corporation',
	'metaDesc' => '
-The Hindu Business Line

Bonds to make up for shortfall being considered

New Delhi: To ensure that a depositor does not lose his/her money during a resolution or insolvency process of any failing bank, the government was considering a refund mechanism.

The newly...',
	'disp' => '<div align="justify">-The Hindu Business Line<br /><br /><em>Bonds to make up for shortfall being considered<br /><br />New Delhi: </em>To ensure that a depositor does not lose his/her money during a resolution or insolvency process of any failing bank, the government was considering a refund mechanism.<br /><br />The newly proposed resolution and insolvency framework for financial entities envisages the framing of a new scheme for refund of depositors&rsquo; monies in troubled banks, while providing higher protection to them, sources in the know said.<br /><br />The refund scheme would, among other things, provide for issuance of government bonds to depositors towards the shortfall, if any, on the amounts to be returned to depositors of troubled banks, an official said.<br /><br />&ldquo;What cannot be returned by way of cash immediately will be settled by way of bonds. The mechanism in the scheme will provide for return of monies part in cash and part in bonds,&rdquo; the official said.<br /><br />The latest issue haunting Finance Minister Arun Jaitley and his team is the security of depositors&rsquo; money under the proposed Financial Resolution and Deposit Insurance Bill.<br /><br />While Jaitley and others in the government have been assuring the safety of deposits, the Opposition has been raising questions about it.<br /><br />While the Bill has been referred to a Joint Committee of Parliament, which has been given time till the last date of Budget Session (likely to begin February 1) to submit its report, the government has been looking at options to address the contentious issue.<br /><br />The mechanism, according to sources, will give better protection for depositors as the current regime provides for only ?1 lakh insurance on deposits. Deposits over ?1 lakh have no protection and are with banks at the depositors&rsquo; own risk, a banking industry observer said.<br /><br />In the past, the Reserve Bank of India, had through the instrumentality of forced mergers come to the rescue of depositors of failed banks or troubled banks. The RBI may not have significant role in future if the new resolution and insolvency framework for financial entities were to get enacted by Parliament.<br /><br />The Centre has through the Financial Resolution and Deposit Insurance Bill sought to provide a separate resolution and insolvency framework for financial entities such as banks and insurance companies. <br /><br />Please <a href="http://www.thehindubusinessline.com/money-and-banking/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors/article10007049.ece?homepage=true" title="http://www.thehindubusinessline.com/money-and-banking/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors/article10007049.ece?homepage=true">click here</a> to read more. <br /></div>',
	'lang' => 'English',
	'SITE_URL' => 'https://im4change.in/',
	'site_title' => 'im4change',
	'adminprix' => 'admin'
]
$article_current = object(App\Model\Entity\Article) {

	'id' => (int) 35444,
	'title' => 'Failing banks: Govt looking at refund mechanism to protect depositors -Richa Mishra &amp; KR Srivats',
	'subheading' => '',
	'description' => '<div align="justify">
-The Hindu Business Line<br />
<br />
<em>Bonds to make up for shortfall being considered<br />
<br />
New Delhi: </em>To ensure that a depositor does not lose his/her money during a resolution or insolvency process of any failing bank, the government was considering a refund mechanism.<br />
<br />
The newly proposed resolution and insolvency framework for financial entities envisages the framing of a new scheme for refund of depositors&rsquo; monies in troubled banks, while providing higher protection to them, sources in the know said.<br />
<br />
The refund scheme would, among other things, provide for issuance of government bonds to depositors towards the shortfall, if any, on the amounts to be returned to depositors of troubled banks, an official said.<br />
<br />
&ldquo;What cannot be returned by way of cash immediately will be settled by way of bonds. The mechanism in the scheme will provide for return of monies part in cash and part in bonds,&rdquo; the official said.<br />
<br />
The latest issue haunting Finance Minister Arun Jaitley and his team is the security of depositors&rsquo; money under the proposed Financial Resolution and Deposit Insurance Bill.<br />
<br />
While Jaitley and others in the government have been assuring the safety of deposits, the Opposition has been raising questions about it.<br />
<br />
While the Bill has been referred to a Joint Committee of Parliament, which has been given time till the last date of Budget Session (likely to begin February 1) to submit its report, the government has been looking at options to address the contentious issue.<br />
<br />
The mechanism, according to sources, will give better protection for depositors as the current regime provides for only ?1 lakh insurance on deposits. Deposits over ?1 lakh have no protection and are with banks at the depositors&rsquo; own risk, a banking industry observer said.<br />
<br />
In the past, the Reserve Bank of India, had through the instrumentality of forced mergers come to the rescue of depositors of failed banks or troubled banks. The RBI may not have significant role in future if the new resolution and insolvency framework for financial entities were to get enacted by Parliament.<br />
<br />
The Centre has through the Financial Resolution and Deposit Insurance Bill sought to provide a separate resolution and insolvency framework for financial entities such as banks and insurance companies. <br />
<br />
Please <a href="http://www.thehindubusinessline.com/money-and-banking/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors/article10007049.ece?homepage=true">click here</a> to read more. <br />
</div>',
	'credit_writer' => 'The Hindu Business Line, 31 December, 2017, http://www.thehindubusinessline.com/money-and-banking/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors/article10007049.ece?homepage=true',
	'article_img' => '',
	'article_img_thumb' => '',
	'status' => (int) 1,
	'show_on_home' => (int) 1,
	'lang' => 'EN',
	'category_id' => (int) 16,
	'tag_keyword' => '',
	'seo_url' => 'failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors-richa-mishra-kr-srivats-4683551',
	'meta_title' => null,
	'meta_keywords' => null,
	'meta_description' => null,
	'noindex' => (int) 0,
	'publish_date' => object(Cake\I18n\FrozenDate) {},
	'most_visit_section_id' => null,
	'article_big_img' => null,
	'liveid' => (int) 4683551,
	'created' => object(Cake\I18n\FrozenTime) {},
	'modified' => object(Cake\I18n\FrozenTime) {},
	'edate' => '',
	'tags' => [
		(int) 0 => object(Cake\ORM\Entity) {},
		(int) 1 => object(Cake\ORM\Entity) {},
		(int) 2 => object(Cake\ORM\Entity) {},
		(int) 3 => object(Cake\ORM\Entity) {},
		(int) 4 => object(Cake\ORM\Entity) {}
	],
	'category' => object(App\Model\Entity\Category) {},
	'[new]' => false,
	'[accessible]' => [
		'*' => true,
		'id' => false
	],
	'[dirty]' => [],
	'[original]' => [],
	'[virtual]' => [],
	'[hasErrors]' => false,
	'[errors]' => [],
	'[invalid]' => [],
	'[repository]' => 'Articles'

}
$articleid = (int) 35444
$metaTitle = 'LATEST NEWS UPDATES | Failing banks: Govt looking at refund mechanism to protect depositors -Richa Mishra &amp; KR Srivats'
$metaKeywords = 'Bank Deposits,FRDI bill,Financial Resolution and Deposit Insurance (FRDI) Bill,Bonds,Financial Resolution Corporation'
$metaDesc = '
-The Hindu Business Line

Bonds to make up for shortfall being considered

New Delhi: To ensure that a depositor does not lose his/her money during a resolution or insolvency process of any failing bank, the government was considering a refund mechanism.

The newly...'
$disp = '<div align="justify">-The Hindu Business Line<br /><br /><em>Bonds to make up for shortfall being considered<br /><br />New Delhi: </em>To ensure that a depositor does not lose his/her money during a resolution or insolvency process of any failing bank, the government was considering a refund mechanism.<br /><br />The newly proposed resolution and insolvency framework for financial entities envisages the framing of a new scheme for refund of depositors&rsquo; monies in troubled banks, while providing higher protection to them, sources in the know said.<br /><br />The refund scheme would, among other things, provide for issuance of government bonds to depositors towards the shortfall, if any, on the amounts to be returned to depositors of troubled banks, an official said.<br /><br />&ldquo;What cannot be returned by way of cash immediately will be settled by way of bonds. The mechanism in the scheme will provide for return of monies part in cash and part in bonds,&rdquo; the official said.<br /><br />The latest issue haunting Finance Minister Arun Jaitley and his team is the security of depositors&rsquo; money under the proposed Financial Resolution and Deposit Insurance Bill.<br /><br />While Jaitley and others in the government have been assuring the safety of deposits, the Opposition has been raising questions about it.<br /><br />While the Bill has been referred to a Joint Committee of Parliament, which has been given time till the last date of Budget Session (likely to begin February 1) to submit its report, the government has been looking at options to address the contentious issue.<br /><br />The mechanism, according to sources, will give better protection for depositors as the current regime provides for only ?1 lakh insurance on deposits. Deposits over ?1 lakh have no protection and are with banks at the depositors&rsquo; own risk, a banking industry observer said.<br /><br />In the past, the Reserve Bank of India, had through the instrumentality of forced mergers come to the rescue of depositors of failed banks or troubled banks. The RBI may not have significant role in future if the new resolution and insolvency framework for financial entities were to get enacted by Parliament.<br /><br />The Centre has through the Financial Resolution and Deposit Insurance Bill sought to provide a separate resolution and insolvency framework for financial entities such as banks and insurance companies. <br /><br />Please <a href="http://www.thehindubusinessline.com/money-and-banking/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors/article10007049.ece?homepage=true" title="http://www.thehindubusinessline.com/money-and-banking/failing-banks-govt-looking-at-refund-mechanism-to-protect-depositors/article10007049.ece?homepage=true">click here</a> to read more. <br /></div>'
$lang = 'English'
$SITE_URL = 'https://im4change.in/'
$site_title = 'im4change'
$adminprix = 'admin'

include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51

Failing banks: Govt looking at refund mechanism to protect depositors -Richa Mishra & KR Srivats

-The Hindu Business Line Bonds to make up for shortfall being considered New Delhi: To ensure that a depositor does not lose his/her money during a resolution or insolvency process of any failing bank, the government was considering a refund mechanism. The newly proposed resolution and insolvency framework for financial entities envisages the framing of a new scheme for refund of depositors’ monies in troubled banks, while providing higher protection to them, sources in the know said. The refund scheme would, among other things, provide for issuance of government bonds to depositors towards the shortfall, if any, on the amounts to be returned to depositors of troubled banks, an official said. “What cannot be returned by way of cash immediately will be settled by way of bonds. The mechanism in the scheme will provide for return of monies part in cash and part in bonds,” the official said. The latest issue haunting Finance Minister Arun Jaitley and his team is the security of depositors’ money under the proposed Financial Resolution and Deposit Insurance Bill. While Jaitley and others in the government have been assuring the safety of deposits, the Opposition has been raising questions about it. While the Bill has been referred to a Joint Committee of Parliament, which has been given time till the last date of Budget Session (likely to begin February 1) to submit its report, the government has been looking at options to address the contentious issue. The mechanism, according to sources, will give better protection for depositors as the current regime provides for only ?1 lakh insurance on deposits. Deposits over ?1 lakh have no protection and are with banks at the depositors’ own risk, a banking industry observer said. In the past, the Reserve Bank of India, had through the instrumentality of forced mergers come to the rescue of depositors of failed banks or troubled banks. The RBI may not have significant role in future if the new resolution and insolvency framework for financial entities were to get enacted by Parliament. The Centre has through the Financial Resolution and Deposit Insurance Bill sought to provide a separate resolution and insolvency framework for financial entities such as banks and insurance companies. Please click here to read more.