FRDI OR NO FRDI - BE PREPARED TO LOSE YOUR DEPOSITS WITH INDAIN BANK
FRDI Bill is proposed to regularise fraud by elite class or corporate houses leading to bank being bankrupt. Instead of Govt recapitalising bank, sick banks were being authorised to utilise depositors money for consideration either in the form of shares or so.Due to huge public outcry using petition through Change.org Govt has deferred the bill to Budget session of parliament. Whether or not FRDI bill has been passed in the parliament to make it a law, Indian Banks already have started regularising their fraud to state they reserve the right to contravene all laws, compromise secrecy of the account and are not liable for any due diligence whatsoever. They are free to pay third party matching your name or so. Yes this is no fiction or myth !!! Senior authorities of Bank of Baroda in a matter of fraud and moral perversion with the aproval of their MD & CEO has written to me on 20th Dec'17 to reserve the right in doing so. After prolong fight of almost six y...