WITHDRAWAL OF THE FRDI BILL: BAIL-IN AND OTHER PUBLIC CONCERNS

The Financial Resolution and Deposit Insurance Bill, 2017 (FRDI Bill) was tabled in the Parliament in August 2017, however, it has recently been withdrawn by the Central Government due to enormous pressure from public and other institutions. This article aims to discuss the important aspects of the FRDI Bill and points out to the concerns that were emerging out of this Bill, inter alia, the “bail-in” clause, protection of bank deposits, and the proposed resolution mechanism, conflicts with the existing regulatory body, overlooking disclosures, and inaptness of ownership neutrality model in India. These concerns eventually led to the doom of this Bill.

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 ISSN(O): 2347-3827

© Rajiv Gandhi National University of Law Punjab, 2020