FRDI Bill

Dangers in a Bill

Print edition : October 27, 2017

The State Bank of India headquarters in Mumbai. Since the SBI has already been notified as a “systemically important financial institution”, it is only natural that a sense of insecurity has set in. Photo: PAUL NORONHA

The Resolution Corporation that the Central government is planning to set up through an Act of Parliament can result in a clean-up of banks and other financial institutions, with serious consequences for even common depositors.
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