Financial Resolution and Deposit Insurance Bill, 2017

In October, 2017, the Financial Resolution and Deposit Insurance Bill 2017 has been referred to a Joint Parliamentary Committee of 30 members from both the Houses. This bill, once becoming a law, would repeals the Deposit Insurance and Credit Guarantee Corporation Act, 1962 to transfer the deposit insurance powers and responsibilities to the proposed Resolution […]

Making a Bad Bank a good solution

In the light of the recent idea put forward by the Chief Economic Advisor, Arvind Subramanian, as well as Viral Acharya, the new Deputy Governor of RBI, backed by the Finance Ministry to set up a “Bad Bank”, the question arises as to whether this idea will help in addressing the problem of Non-Performing Assets […]