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Inducing Financial Instability

FRDI Bill, 2017

Given the far-reaching nature of the changes it seeks to introduce within the financial system, the Financial Resolution and Deposit Insurance Bill should not be rushed through Parliament. Widespread apprehensions regarding provisions of the FRDI Bill, particularly the bail-in provision, have already forced the government to pause. It is only appropriate that an informed public debate precedes the tabling of this legislation for passage, which can signifi cantly alter the contours of India’s financial sector.



 

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Updated On : 22nd Jan, 2018

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