insolvency and bankruptcy code
For the insolvency law, the Narendra Modi-government on Wednesday cleared seven amendments to the Insolvency and Bankruptcy Code (IBC) to give more clarity on timelines for the rescue of companies and help resolve stressed assets and maximise the value of corporate debtor.
330-day deadline for insolvency resolution
18 Jul 2019 1:57 AM

Law amendments make resolution plan binding on all.

Public sector banks, which account for over 80 per cent of the NPAs in the system, alone could see gross NPAs climb down over 400 bps to approximately 10.6 per cent by March 2020, from a peak of 14.6 per cent in March 2018. (Photo: Representational)
By March 2020, banks’ gross NPAs to reduce to 8 per cent
27 Jun 2019 2:02 PM

The banking system saw gross NPAs reaching a peak of 11.5 per cent in March 2018. In March 2019 NPAs stood at 9.3 per cent.


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