trending Market Intelligence /marketintelligence/en/news-insights/trending/afooml3-jv26ysknxrmsbw2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

India proposes special bankruptcy regime for financial firms

Mobile Payment Apps Driving Fintech Frenzy In India

Street Talk Episode 42: Banks losing consumer deposits to fintech, digital platforms, commercial might be next

Corporate Renewables Market Looks To Continue Growth After Record 2018

Reframing The Conversation Around Cyber Risk


India proposes special bankruptcy regime for financial firms

The government of India proposed a mechanism to handlebankruptcy in banks, insurers and other financial companies.

The draft bill seeks to establish a special resolutionregime for financial firms that will make it easier to end insolvent financial firmsthan current insolvency procedures, according to recommendations, releasedSept. 28, by the committee that created the proposal.

The bill will consolidate existing laws relating to theresolution of different financial institutions, such as banks and insurers,into a single legislation and offer additional tools of resolution to a newauthority called the Resolution Corporation, which will carry out speedyresolution of financial firms, provide deposit insurance to consumers, andprotect such consumers and public funds.