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Inviting comments/suggestions on “The Financial Resolution and Deposit Insurance (FRDI) Bill, 2017” - (03-05-2018)

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Inviting comments/suggestions on “The Financial Resolution and Deposit Insurance (FRDI) Bill, 2017”

The Financial Resolution and Deposit Insurance (FRDI) Bill, 2017 was first introduced in Lok Sabha in August 2017 and is currently under scrutiny by a Joint Parliamentary Committee.

Since introduction of the bill last year, it has created widespread fear and apprehension amongst stakeholders on the various provisions of the Bill such as Bail-in clause, safety of deposits and setting up a new authority viz. Resolution Corporation, etc. This bill is aimed at reforming the Indian financial sector.

The soft of the bill is available at the hyperlink: http://164.100.47.4/BillsTexts/LSBillTexts/Asintroduced/165_2017_LS_Eng.pdf

Since the bill is affecting the entire financial sector and would have far reaching impact on the various stakeholders, therefore, views of members and others concerned are solicited on the Bill.

The views/comments/suggestions may be sent via email at cobip@icai.in and to CA. Ranjeet Kumar Agarwal, Central Council Member, ICAI and Convener of the Sub Group constituted for considering the FRDI Bill at ranjeet.airan@gmail.com latest by 10th May 2018.

(Chairman)
Banking, Financial Services and Insurance Committee of ICAI

     
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