Government to bring NBFCs under insolvency code https://ift.tt/2IrmpDr - Walletnews For Me

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Friday, October 4, 2019

Government to bring NBFCs under insolvency code https://ift.tt/2IrmpDr

The government is set to bring non-banking finance companies within the ambit of the Insolvency and Bankruptcy Code, but in a slightly tweaked form, for smoother resolution of these entities and firewall the rest of the financial system from any possible adverse impact. The move comes at a time when several NBFCs are under stress.
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