The passage of the Insolvency and Bankruptcy Code (IBC), 2016 is one of the biggest insolvency reforms in the economic history of India. It was introduced by the Central Government to sort out claims related to the insolvent companies in the country. Why was the IBC needed? The IBC 2016 was needed to tackle the ..
Bad Loans: GK, Current Affairs, Questions, Trivia and News
An RTI reply has shown a spike in the quantum of bad loans disbursed under the ambitious Pradhan Mantri Mudra Yojana (PMMY). Extracts from the RTI Reply Gross NPAs under MUDRA rose by 68.7 per cent to Rs 16,480.87 crore for the financial year ended March 2019 from Rs 9,769 crore a year ago. When ..
The Reserve Bank of India (RBI) has proposed new norms under Prudential framework for resolution of stressed assets for debt resolution after the earlier one was struck down by the Supreme Court. New Norms New norms are applicable for loan accounts with exposure of Rs 2,000 crore and above. For loan accounts of Rs 1,500 ..
The biggest problem of the Indian Banking System is Non-performing Asset (NPA). The report of the Crisil has stated that the gross NPA is estimated to have declined to 10 per cent in end-March 2019 from 11.5 per cent a year before as recoveries through the Insolvency and Bankruptcy Code (IBC) helped banks recover bad ..