Financial Resolution Bill Withdrawn On Widespread Concerns Over Certain Provisions

Nearly a year after introducing it in the Lok Sabha, the government on Tuesday withdrew the Financial Resolution and Deposit Insurance (FRDI) Bill.

Economy | | Updated: August 07, 2018 16:00 IST
Financial Resolution Bill Withdrawn On Widespread Concerns Over Certain Provisions

There have been concerns over the proposed 'bail-in' clause to resolve a failing bank.