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banks: Reforms help banks recover Rs 5.5 lakh crore of bad debt: Govt

(This story originally appeared in
on Jul 26, 2021)NEW DELHI: The steps taken by the government over the last few years from enacting Insolvency & Bankruptcy Code (IBC)and strengthening other laws to administrative measures have helped banks recover around Rs 5.5 lakh crore of bad debt, including close to Rs 1 lakh crore from accounts that had been technically written off, top officials said.
And, with indications that the build-up of non-performing assets (NPAs) is lower than anticipated, especially among large companies, the government believes that state-run lenders are well poised to meet the credit requirements, given that they are adequately capitalised.
Besides, government sources argued that with provision coverage ratio of 83.7%, public sector banks were adequately protected against any potential hit. ....

Bankruptcy Code , Bhushan Power , Essar Steel , திவால்நிலை குறியீடு , பூஷன் பவர் , கட்டுரை எஃகு ,

Steel Stocks Are On Roll. Should You Buy Them?

Steel Stocks Are On Roll. Should You Buy Them?
swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.

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India's Fallen Billionaires

India's Fallen Billionaires
businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.

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Stressed steel plants acquired via IBC seeing faster turnaround: CRISIL

Stressed steel plants acquired via IBC seeing faster turnaround: CRISIL
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

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ArcelorMittal says may pay off dues of Uttam Galva as a 'goodwill gesture'

ArcelorMittal says may pay off dues of Uttam Galva as a 'goodwill gesture'
newsnationtv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsnationtv.com Daily Mail and Mail on Sunday newspapers.

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