Resolution nods under IBC up by record 42% in fiscal 2024
Real estate and manufacturing contributed to around 65% of total plans approved for fiscal 2024, says CRISIL.
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IBC returned Rs 3.4 lakh cr to banks, financial sector in eight years: IBBI Chief
Insolvency and Bankruptcy Code (IBC) will be completing eight years in two to three months. IBC has directly returned Rs 3.4 lakh crore to the creditors in the period.
Anything that can go wrong may have gone wrong with IBC
Over 90% haircut are a wakeup call to review the entire gamut of policies and governance involving stressed asset resolution
OECD urges India to cut stake in banks, insurance firms
Despite the reduction in non-performing loans and the creation of a 'bad bank', resolution procedures remain slow, says OECD
Bankruptcy Code 2.0 to be rolled out soon: ICAI
IBC 2.0 may include a full-fledged individual insolvency framework, pre-packaged insolvency for bigger corporates, group insolvency framework and use of tech in IBC.
Poor run for IBC continues. What ails it?
Everything that could go wrong has gone wrong – political will has weakened, poor regulatory culture endures and the system seems to have been gamed
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.
Bajaj Hindusthan Sugar plunges 17% after SBI's insolvency plea
SBI as a financial creditor has filed the petition at the Allahabad bench of the NCLT under the Insolvency and Bankruptcy Code
IBC’s Existential Problems
With liquidations surpassing resolutions, bankers need to look at alternatives to the bankruptcy code.
Let ARCs shoulder NPAs, banks focus on credit creation
The ARCs, the quintessential bad banks, can help the commercial banks focus on underwriting good loans, supporting GDP growth.
