Govt's IBC relaxation move may nudge RBI to ease restructuring norms: Report
As part of the several steps undertaken by the government under the economic stimulus package, Finance Minister Nirmala Sitharaman announced that an ordinance will now be brought in to suspend the initiation of fresh insolvency cases for a year.
After the Centre's relaxation for companies under the Insolvency & Bankruptcy Code (IBC), the Reserve Bank of India (RBI) may now have to ease the restructuring and provisioning norms under the insolvency law, The Economic Times reported.
As part of the
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