Friday, November 22, 2024

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Stressed assets

Economy and Finance

Insolvency and Bankruptcy Code has led to recovery of Rs. 3 lakh crores of stressed assets in 2 years

OpIndia Staff -
More than 9,000 cases have come for redressal under the Insolvency and Bankruptcy Code (IBC) after it became fully operational in December 2016.
News Reports

Big loan defaulters could soon be facing music as RBI plans to use insolvency laws

OpIndia Staff -
Reserve Bank of India is planning to use insolvency laws against the big loans defaulters.
News Reports

RBI identifies 12 accounts responsible for 25% of bad loans

OpIndia Staff -
Defaulters have not been named, but banks will be asked to initiate insolvency proceedings to recover the dues.
News Reports

Private banks continue to hide substantial bad debts: RBI audit

OpIndia Staff -
There is a huge mismatch between RBI estimation and respective private bank’s own estimation of stressed assets.

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