No legislation enforced to tackle stress of financial institutions: Finance Minister

Updated:10 months, 1 week ago IST

Ahmedabad (Gujarat), Dec 09 (ANI): Amid ongoing social media buzz regarding the legislation dealing with the stress faced by financial institutions, Union Finance Minister Arun Jaitley, on Saturday, clarified that there was no law to deal with this issue, and added that the vacuum "had to be filled." Reiterating the Centre's commitment towards strengthening the health of financial institutions as well as those who have deposited money in them, Jaitley said if the gap is left vacant; the lack of suitable protection to depositors' money will also be affected.

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