The essential
of the latest change in NPA (non-performing asset) realization and settlement is
the Insolvency and Bankruptcy Code (IBC). Every stressed loan where banks
either fail to appliance a resolution plan, or fail to stick to the period of achieve
one, will find its way into the courts.
Indian
banks are sitting on a reconstruct loan pile of close to Rs1.6 trillion even
after the steady slippage of these accounts into the NPA category over the last
several quarters.
The bulk
of these are feared to be on their way to the bankruptcy courts, according to
analysts. Read More
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