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IBC: Learnings from IBC suggest need for some course correction , says RBI Governor Shaktikanta Das

Reserve Bank of India (RBI) Governor Shaktikanta Das highlighted that lenders have recovered 32% of their total claims under the Insolvency and Bankruptcy Code (IBC). He mentioned that the IBC has shown positive indications and learnings, suggesting a need for some course correction.

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Pre-packaged insolvency process can be potential game changer for resolving stressed assets: Shaktikanta Das

The Insolvency and Bankruptcy Board of India (IBBI) is a key institution in implementing the IBC.

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Over Rs 93,240 crore of stressed unsecured loans in bank portfolios

Banks have been increasing their loan exposure to NBFCs. It has gone up from Rs 7.75 lakh crore in March 2021 to Rs 9.23 lakh crore by September 2022. The Centre for Advanced Financial Research and Learning (CAFRAL), set up by the RBI, had recently raised concern over the rise in the bank financing for NBFCs

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Mint Explainer: Why are the RBI governor and finance minister telling non-bank lenders to be cautious?

On Wednesday, RBI governor Shaktikanta Das said these lenders should diversify their sources of funding and not rely too much on bank loans

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Google Pay to collect convenience fee on mobile recharge transactions

Google Pay to collect convenience fee on mobile recharge transactions
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