IBBI amends standards for info utilities rules to enhance verification

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The story "IBBI amends standards for info utilities rules to enhance verification" was covered 13 hours ago by Business Standard, a news publisher based in India.

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IBBI amends standards for info utilities rules to enhance verification - Business Standard

Quick Summary:

Stricter norms have been put in place for information utilities under the insolvency law to enhance identity verification and streamline the authentication process for financial default records.

Amending the guidelines, IBBI on Wednesday said the changes streamline the filing and verification of financial default records by introducing stronger user authentication procedures.

The Insolvency and Bankruptcy Board of India (IBBI) has amended the guidelines for technical standards governing information utilities, which acts as a repository of financial records related to insolvency proceedings.