 "banks, financial institutions")
Amid the crisis at Dewan Housing Finance (DHFL), financial sector regulators are planning a framework for resolving stressed financial conglomerates. The new framework, which will be discussed by the regulators at a meeting in Mumbai on Friday, will help adopt a uniform approach on bailing out such companies. The process is hampered now because of a lack of coordination and inter-regulatory issues.
Sources in the know of the developments said an inter-regulatory panel of the Financial Stability and Development Council (FSDC), which includes chiefs and senior officials of the Reserve Bank of India, the Securities and Exchange Board of India and the Insurance Regulatory and Development Authority of India, will meet at the RBI headquarters.
Sources said the
Sources in the know of the developments said an inter-regulatory panel of the Financial Stability and Development Council (FSDC), which includes chiefs and senior officials of the Reserve Bank of India, the Securities and Exchange Board of India and the Insurance Regulatory and Development Authority of India, will meet at the RBI headquarters.
Sources said the
