The Financial Resolution and Deposit Insurance FRDI Bill 2017 is about ........

Economic Affairs Financial Markets

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The Financial Resolution and Deposit Insurance (FRDI) Bill, 2017 is about

Regulating the Shell companies involved in financial markets of India.

Creating a strong mechanism and infrastructure to deal with insurance related frauds in the country.

Dealing with the cases of Insolvency and Bankruptcy of financial service providers.

Refinancing and restructuring the defaulted loans of big corporate houses in India.

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Explanation:

Third option is correct.
The Financial Resolution and Deposit Insurance Bill, 2017, establish a Resolution Corporation to monitor financial firms, anticipate risk of failure, take corrective action, and resolve them in case of such failure.
The Corporation will also provide deposit insurance up to a certain limit, in case of bank failure.
The Resolution Corporation will exercise certain powers including:
(i) classification of firms based on risk, and
(ii) directing the management of a firm to return their performance based incentive. However, the Bill does not specify a review or appeal mechanism for aggrieved persons to challenge the decision of the Resolution Corporation.