Here’s a three-point action plan for higher debt recoveries under the IBC
Article Summary
-India witnessed a paradigm shift in its credit market and financial ecosystem with the 2016 introduction of the Insolvency and Bankruptcy Code (IBC).
The IBC has had a profound impact on the economy, with the gross non-performing-asset ratio of banks having fallen to a 12-year low of 2.8% at the end of 2023-24 from 11.2% in 2017-18....