Insolvency Law Main Factor in Improving Health of Country’s Banking Sector: FM in Lok Sabha
India’s Finance Minister, speaking in the Lok Sabha, highlighted the Insolvency and Bankruptcy Code (IBC) as the single most important factor in strengthening the health of the country’s banking sector. The minister emphasized that the law has transformed the way banks deal with stressed assets, reduced non-performing assets (NPAs), and restored confidence in the financial…