New Delhi, March 30 -- Union Finance Minister Nirmala Sitharaman on Monday said that the Insolvency and Bankruptcy Code (IBC) has been a key and crucial factor in improving the health of India's banking sector.

Sitharaman's comments came during a discussion on the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, was passed at the Parliament with voice vote.

The Lok Sabha on Monday passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2025'' as reported by the Select Committee. The Bill seeks to further amend the Insolvency and Bankruptcy Code, 2016.

Piloting the Bill for further amendments at the Lok Sabha, Sitharaman stressed that companies have been doing well and their corporate governance practices have also improved af...