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IBC data key for handling complex cases: RBI Dy Governor
December 19, 2024
|The Business Guardian
M Rajeshwar Rao, Deputy Governor of the Reserve Bank of India (RBI), highlighted the importance of institutionalising data under the Insolvency and Bankruptcy Code (IBC) to provide valuable insights and precedents for handling complex cases.
In his inaugural address on December 7, at the International Conclave, jointly organised by the IBBI and INSOL India, in New Delhi, the RBI DG stated that such data needs to be gathered in a structured manner so that it can be disseminated for the benefit of all stakeholders involved.
While acknowledging the substantial progress made in cleaning up banks' balance sheets, the Deputy Governor also underscored potential areas of improvement.
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