Financial Resolution and Deposit Insurance Bill Current Affairs, GK & News

Union Cabinet approves Proposal to introduce the Financial Resolution and Deposit Insurance Bill 2017

The Union Cabinet has approved the proposal to introduce a Financial Resolution and Deposit Insurance Bill, 2017 which will provide a comprehensive resolution framework for financial sector entities to deal with bankruptcy situation in banks, insurance companies, and other entities. Salient Highlights The bill will pave way for the establishment of Resolution Corporation. The Resolution Corporation ..

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