Social Sciences, asked by DHRUVA123, 1 year ago

financial resolution and deposit insurance (frdi) bill

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Answered by kpnutiyalseri
2

Answer:

The Centre's proposed Financial Resolution and Deposit Insurance Bill (FRDI) has launched a big scare among people as it purportedly allows failing banks to use depositors money to cut losses. ... "This bill gives power to a government entity to use depositors money to save a bank on the verge of bankruptcy.

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