what is FRDI BILL? please explain clearly.
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hloo frnd and your answer is as follows.....
The Bill outlines how the insolvency of a financial institution (bank, insurance firms, non-banks, etc.) can be tackled. The need for the bill came about because of the 2008 financial crisis (and the resultant contagion effect) because of which a large number of financial institutions collapsed and had to be bailed-out by the respective governments.
hope it helps u...☺☺
The Bill outlines how the insolvency of a financial institution (bank, insurance firms, non-banks, etc.) can be tackled. The need for the bill came about because of the 2008 financial crisis (and the resultant contagion effect) because of which a large number of financial institutions collapsed and had to be bailed-out by the respective governments.
hope it helps u...☺☺
deep245:
kuch to bolo
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