Sunday, January 4, 2015

Modified draft Indian Financial Code likely by mid-2015

Modified draft Indian Financial Code likely by mid-2015



The recommendations of the FSLRC are divided into legislative and non-legislative aspects.
It has recommended a seven-agency structure for the financial sector -- the Reserve Bank of India (RBI),Unified Financial Agency (UFA), Financial Sector Appellate Tribunal (FSAT), Resolution Corporation (RC), Financial Redressal Agency (FRA), Financial Stability and Development Council (FSDC) and Public Debt Management Agency (PDMA).

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