Question
Statement: Some provisions of The Financial Resolution and Deposit Insurance Bill, 2017, popularly referred to as the FRDI Bill, which was tabled in Parliament this August, have given rise to concerns over protection for bank deposits in the proposed law. Conclusions: 1) The Financial Resolution and Deposit Insurance Bill will protect the interest of depositors. 2) There is concern about how the depositors of a bank with a critical risk factor will be repaired.
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