While RBI is the banking regulator, the IBBI regulates insolvency professionals, insolvency professional agencies and information utilities. Photo: Mint
Mumbai: The Insolvency and Bankruptcy Board of India (IBBI) on Monday signed a memorandum of understanding (MoU) with the Reserve Bank of India (RBI) for enhancing cooperation between the two regulators to ensure better implementation of the Insolvency and Bankruptcy Code (IBC).
According to the MoU, RBI and IBBI will share data and resources with each other to the extent allowed by law and hold frequent discussions to overcome regulatory bottlenecks with respect to implementation of IBC.
While RBI is the banking regulator, the IBBI regulates insolvency professionals, insolvency profession…
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