Translate to...

Need legally-backed #39;resolution corporation#39; to deal with stressed financial firms: RBI Guv

Need legally-backed #39;resolution corporation#39; to deal with stressed financial firms: RBI Guv

Need legally-backed #39;resolution corporation#39; to deal with stressed financial firms: RBI Guv However, after a year, the government decided to withdraw the bill as there were concerns raised about the protection of depositors#39; money if it was passed with the controversial "bail-in" clause, under which a bank#39;s liabilities could be cancelled/modified to shore up its finances.