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IBC a Game Changer for Solving Bad Loans Problem: SBI
September 19, 2017
Bankers say that they have high expectations from the National Company Law Tribunal and Insolvency and Bankruptcy Code (IBC) regarding the resolutions for the bad loans problem.
Calling IBC, 2016 a “game changer”, Rajnish Kumar, Managing Director, State Bank of India, said that it will greatly facilitate the resolution of the non-performing assets.
Similarly, in another instance CEO and MD of Bank of India, Dinabandhu Mohapatra said that in the previous restructuring models (5/25, S4A, etc.) only some stressed accounts were addressed and provided resolutions for.
However, the IBC and NCLT have many improvements and the response under these has been good so far.
