The FRDI Bill and its Impact on Deposits

Posted: February 26, 2018 at 10:40 am | Author: Manish Marwah

Banking Bill in India

Banks are a proxy for the country’s $2.3 trillion economy, yet India doesn’t have a mechanism to deal with the failure of a financial institution. The global best practice suggests that the country should have one and the Financial Resolution and Deposit Insurance (FDRI) Bill, 2017 proposes to fill this void. However, there is widespread […]