Write a short note on (FRDI)
Answers
Resolution of a financial firm has been defined as a particular kind of instant bankruptcy, destroying the interests of some creditors quickly and unmercifully, while giving others, especially the bank's depositors, a fresh and happy start.
The Financial Resolution and Deposit Insurance Bill may not be introduced in Parliament even during the Budget Session, as the joint committee looking into it got an extension on Monday for submitting its report
Resolution of a financial firm has been defined as a particular kind of instant bankruptcy, destroying the interests of some creditors quickly and unmercifully, while giving others, especially the bank's depositors, a fresh and happy start.
The Financial Resolution and Deposit Insurance Bill may not be introduced in Parliament even during the Budget Session, as the joint committee looking into it got an extension on Monday for submitting its report
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