Sunday, April 18, 2021

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Stressed assets

Insolvency and Bankruptcy Code has led to recovery of Rs. 3 lakh crores of stressed assets in 2 years

More than 9,000 cases have come for redressal under the Insolvency and Bankruptcy Code (IBC) after it became fully operational in December 2016.

Big loan defaulters could soon be facing music as RBI plans to use insolvency laws

Reserve Bank of India is planning to use insolvency laws against the big loans defaulters.

RBI identifies 12 accounts responsible for 25% of bad loans

Defaulters have not been named, but banks will be asked to initiate insolvency proceedings to recover the dues.

Private banks continue to hide substantial bad debts: RBI audit

There is a huge mismatch between RBI estimation and respective private bank’s own estimation of stressed assets.

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