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Finance Ministry invites comments/suggestions from stakeholders by October 14, 2016 on the Report & Draft FRDI Bill

News and Press Release - Dated:- 28-9-2016 - Press Information Bureau Government of India Ministry of Finance 28-September-2016 16:57 IST The Finance Minster Shri Arun Jaitley in Para 90 of his Budget Speech 2016-17, had announced: A systemic vacuum .....

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h bankruptcy situations in banks, insurance companies and financial sector entities. This Code, together with the Insolvency and Bankruptcy Code 2015, when enacted, will provide a comprehensive resolution mechanism for our economy . Pursuant to the a .....

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sector regulatory authorities and the Deposit Insurance and Credit Guarantee Corporation with instructions to submit a Report and a draft Code. The Committee has submitted its Report and a Draft Bill known as The Financial Resolution and Deposit Insu .....

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