Current Affair!BANKING & FINANCES.Rs 70,000 crore NPA recovered via IBC in FY19According to Crisil Rating report, in the year 2018-19, Rs 70,000 crore bad loans were recovered through the Insolvency and Bankruptcy Code (IBC) with a recovery rate of 43 percent in 94 cases. The IBC has recovered bad loans two times the Rs 35,500 crore through previous resolution mechanisms like Debt Recovery Tribunal and Lok Adalat. - Study24x7
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Priya Sharma
18 May 2019 11:41 AM study24x7 study24x7

Current Affair!

BANKING & FINANCES.

Rs 70,000 crore NPA recovered via IBC in FY19
According to Crisil Rating report, in the year 2018-19, Rs 70,000 crore bad loans were recovered through the Insolvency and Bankruptcy Code (IBC) with a recovery rate of 43 perc...

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