The portion of the write-up that has
triggered the FEAR in certain limited quarters READS:
"This Bill also introduces the
provision for a “bail-in”, whose purpose is to provide capital to absorb the
losses of a bank and ensure its survival. Here, survival does not mean safety
of depositors’ money, but restoration of capital of the bank. The bail-in
empowers the proposed Resolution Corporation to
cancel a liability owed by the bank or change the form of an existing liability
to another security."
In essence the core of the doubt
lies in the word /accounting concept 'LIABILITY'.
The material in public domain say,
HERE
does not seem to provide enough
comfort so as to totally ignore the causer of anxiety !
Any positive authentic and
reliable view ?
RBI
ICAI
liability ? different species of
debt- investor, deposit holder, shareholder - trust not lender
stakeholders- depositors, lenders rbi
defn. of int - it act
public interest - j krishns iyer
public servant- housing society, case law
govt
...
personal liability - prev blogs et al
policy makers
north and south block
ministers - elected rep
on oath- violation
judiciary
within the fame work- to instill fear
regulatory - no control or outcome
accounting - browser-
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