
Budget 2023: NPAs declining from FY18 peak
In FY22, scheduled commercial banks recovered ₹92,564 crore via multiple channels such as Lok Adalats, Debt Recovery Tribunals, IBC, and SARFAESI Act.
In FY22, scheduled commercial banks recovered ₹92,564 crore via multiple channels such as Lok Adalats, Debt Recovery Tribunals, IBC, and SARFAESI Act.
SBI as a financial creditor has filed the petition at the Allahabad bench of the NCLT under the Insolvency and Bankruptcy Code
With liquidations surpassing resolutions, bankers need to look at alternatives to the bankruptcy code.
The ARCs, the quintessential bad banks, can help the commercial banks focus on underwriting good loans, supporting GDP growth.
Not just lack of regulations of private ARCs, continuous writing-off of NPAs and creation of new ones point to gross failures of the IBC and other mechanisms
With a debt recovery of 20% and liquidation of 29.7% cases, five years on, the Insolvency & Bankruptcy Code is hurting banks, businesses and the economy.
MCA to soon begin deliberations with RBI, finmin on IBBI recommendations to bring in a code of conduct
Debate heats up as the central bank sends SREI companies to insolvency, supercedes board
The tycoon has finally won DHFL in a bruising bidding war. Here's Fortune India's earlier story explaining why the ailing home finance company is critical to his plans.
Lenders are to decide the fate of more than 55,000 fixed deposit holders in two days. In all likelihood, they will lose over 60% of their investments.