All You Need To Know About The FRDI Bill
RESOLUTION CORPORATION
In simple words, the FRDI bill aims to set up a resolution corporation that will observe financial companies, organize them as per risk profiles. Furthermore, they will step in to prevent them from going bankrupt by noting their liabilities. This bill by the Centre is a more comprehensive approach towards systematic resolution of all financial firms such as banks, insurance companies and other financial intermediaries.
In 2008, the financial crisis witnessed highest number of high-profile bankruptcies which has resulted in this bill. The government is also encouraging citizens of the country to get more involved in the banking sector. Hence, it becomes important to protect savers and those joining the proper economy in case a bank or insurance firm starts dwindling.
LAWS ON RESOLVING BANKRUPTCY SITUATIONS
この記事は Mad About Money の January 2018 版に掲載されています。
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この記事は Mad About Money の January 2018 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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