India's Udeshi on financial system stability

In the speech 'Financial system stability and Basel II -Way forward' given on 26 August Kishori Udeshi of the RBI said the RBI is making efforts to formulate policies to deal with risks arising on account of operations of large and complex financial institutions as these pose a systemic risk.

''The legal provisions and practice in bankruptcy of the real sector are however still inadequate and need further reform, '' she said while addressing the 17th annual convention of the Association of

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