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
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February 2024
October 2023
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February 2023
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December 2021
October 2021
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.
Why stressed assets resolution tools need overhaul
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
The feats & failures of IBC: Why it must change
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.
