<h1>RBI Deputy Governor Highlights Need for Reforms in Insolvency and Bankruptcy Code to Boost Economic Stability.</h1> The Deputy Governor of the Reserve Bank of India discussed the impact and future of the Insolvency and Bankruptcy Code (IBC) at a conference in Mumbai. Enacted in 2016, the IBC introduced a structured approach to insolvency, replacing fragmented frameworks with a unified system. It emphasizes a creditor-in-control model, improving credit discipline and reducing non-performing assets. However, challenges such as delays and infrastructure issues persist. The speech highlighted the need for reforms, including better capacity for adjudicating authorities and addressing complex corporate structures. The IBC aims to enhance economic stability and business confidence through efficient resolution processes.