RBI not in favour of fresh insolvency freeze

The Reserve Bank of India (RBI) has shot down suggestions of a fresh suspension of the Insolvency & Bankruptcy Code (IBC) due to the second wave of Covid-19, while making it clear that banks can still restructure distressed but viable loans, ensuring that their balance sheets remain transparent.​

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3yjY234
via IFTTT