Clarification on FRDI Bill

No decision taken to reintroduce the FRDI Bill

The Financial Resolution and Deposit Insurance Bill, 2017 (FRDI Bill) was introduced in Lok Sabha on 10^th August, 2017 and, thereafter, was referred to the Joint Committee of Parliament for examination and report thereon.

The Government had withdrawn the FRDI Bill in August, 2018 for further comprehensive examination and reconsideration of the subject.

There are some media reports about reintroduction of the FRDI Bill. This is to clarify that the Government has not taken any decision to reintroduce the FRDI Bill.

 

Financial Resolution and Deposit Insurance Bill not reintroduced; government confirms no decision to reintroduce the measure. The Financial Resolution and Deposit Insurance Bill, 2017 (FRDI Bill) was referred to a Joint Committee and later withdrawn for further comprehensive examination and reconsideration; the Government clarifies that no decision has been taken to reintroduce the FRDI Bill.