Social Sciences, asked by deep245, 1 year ago

what is FRDI BILL? please explain clearly.

Answers

Answered by ananya162
3
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...☺☺

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