In Banking sector, Financial Resolution Authority deals with

  1. Double Taxation cases
  2. Failing financial institutions
  3. Cases related to NBFCs
  4. Increasing NPAs of scheduled commercial banks
  5. All of the above
Desire Adnan Default Asked on 5th August 2015 in Finance.
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    Failing financial institutions

    In the banking sector, Financial Resolution Authority deals with Failing financial institutions. An RBI working group under the chairmanship of RBI Deputy Governor Anand Sinha, in April 2014, recommended setting up a Financial Resolution Authority (FRA) to effectively deal with failing financial institutions and sure overall stability in the system. It can be set up by either converting the Deposit Insurance and Credit Guarantee Corporation (DICGC) or creating a new entity that will subsume the DICGC.

    Monis Rasool Professor Answered on 6th August 2015.
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