The target was for banks to sell Rs 2 trillion worth of non-performing assets to NARCL, the so-called bad bank, by 2021-2022.
Only 10 per cent of this has been executed.
IBBI chief calls for efforts to improve bidders' confidence thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Insolvency professionals should focus on improving the insolvency ecosystem in India to increase the confidence of potential bidders for stressed assets and enhance the prospects for successful resolution, according to the chairman of the Insolvency and Bankruptcy Board of India (IBBI), Ravi Mital. He also called for efforts to reduce delays and litigations.
'The Timing, Small Fine': How Anil Ambani's Relevance Diminished in the Reliance Home Finance Case thewire.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thewire.in Daily Mail and Mail on Sunday newspapers.
"We are planning to make it mandatory for builders to make rooftop solar installations if the project is funded from our green funds," Ashwini Kumar Tewari, Managing Director, Risk, Compliance and Stressed Assets at SBI, said.