FRDI Bill Explained: Protecting Your Deposits 🏦

What is the FRDI Bill? How will it help prevent banks from failing? What happens if the bank you deposit money in goes bankrupt? What are the current provisions? What provisions will be in force when the FRDI bill is passed? What will be the the powers of the Resolution Corporation? How will the Resolution Corporation keep an eye on banks and even have the power to enforce management change in banks in case they are not performing satisfactorily? Do watch Policy & Politics to know more.