RBI Deputy Governor M Rajeshwar Rao highlights IBC's transformative impact on bank asset quality and debt settlements

New Delhi [India], December 8 (ANI): M Rajeshwar Rao, Deputy Governor, Reserve Bank of India (RBI) on Sunday highlighted the transformative journey of the Insolvency and Bankruptcy Code (IBC) since 2016, emphasising its critical role in improving bank asset quality and facilitating substantial pre-admission settlements of underlying debts of over Rs 10 lakh crore.

While acknowledging the substantial progress made in clean