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IBC helped banks recover 52% bad loans: Nirmala Sitharaman | Collector
IBC helped banks recover 52% bad loans: Nirmala Sitharaman
Economic Times

IBC helped banks recover 52% bad loans: Nirmala Sitharaman

India's insolvency law has significantly boosted the banking sector. The Insolvency and Bankruptcy Code has helped rescue struggling companies and recover bad loans. A new amendment bill passed in the Lok Sabha introduces fresh resolution frameworks. This aims to speed up the rescue of stressed firms and improve loan recovery processes across the country.

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