FRDI Bill: Panacea for banking sector set for quiet burial after PNB scam?

If the Bill is junked, it would face a fate similar to a Bill proposed by the Atal Bihari Vajpayee government in 2000 to privatize PSBs

The Bharatiya Janata Party (BJP) is yet to make public its position on privatisation of public sector banks (PSBs), but a key party leader said the proposed Financial Resolution and Deposit Insurance (FRDI) Bill would go some way in putting in place a regulatory mechanism for the banking sector. 

The Trinamool Congress, the Left parties and even the Congress say they will oppose any move to privatize PSBs. These parties are also opposed to the proposed FRDI Bill in its current shape. The Trinamool Congress on Wednesday said the Rs 114 billion Punjab National Bank (PNB) fraud case has strengthened