Tag Archives: FRDI

Bail-in clause in FRDI Bill will only be used sparingly: Finance ministry

Subhash Chandra Garg, secretary in the department of economic affairs in the finance ministry. New Delhi:┬áSeeking to assuage concerns of depositors, the finance ministry on Tuesday defended the bail-in clause in the FRDI Bill and said the provision will only be used sparingly. The ministry also said the bail-in clause in the Financial Resolution and Deposit Insurance Bill, 2017, is ... Read More »