TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    LeT’s Muridke Exit: Bahawalpur the New Hub

    Pakistan’s Terror Map Shifts as Lashkar-e-Taiba Flees 400 km South from Muridke to Bahawalpur After Op Sindoor

    Even Terrorists Are Treated Better": Imran Khan Alleges Targeted Abuse

    Treated Worse Than Terrorist: Imran Khan Blames Army Chief Asim Munir for Jail Torture

    Raj Thackeray Warns BJP MP: ‘We’ll Drown You in Mumbai’s Sea’ Over Marathi Row

    Dubo Dubo Ke Maarenge : Raj Thackeray Threatens to Drown BJP MP Nishikant Dubey

    Trump’s Repeated ‘India-Pakistan War’ Boasts: Why It’s Time India Moved On

    Trump’s Repeated ‘India-Pakistan War’ Boasts: Why It’s Time India Moved On

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Air India Crash: US Safety Board Urges Caution Amid Ongoing Investigation

    Air India Crash: US Safety Board Urges Caution Amid Ongoing Investigation

    AI Appreciation Day Celebrated Globally, Spotlight on Innovation and Ethical Progress

    AI Appreciation Day Celebrated Globally, Spotlight on Innovation and Ethical Progress

    India Achieves 50% Non-Fossil Fuel Power Capacity

    India Achieves 50 pc Non-Fossil Fuel Power Capacity, Five Years Ahead of Schedule

    Advantages of Using an EMI Calculator Before Applying for a Personal Loan

    Advantages of Using an EMI Calculator Before Applying for a Personal Loan

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Strategic Shift: Bitra Island for Defence Forces

    India Secures Strategic Edge: Centre Moves to Acquire Bitra Island in Lakshadweep for Defence Forces

    India Successfully Tests Prithvi-II and Agni-I Ballistic Missiles

    India Successfully Tests Nuclear Capable Agni-I & Prithvi-II Ballistic Missiles in Odisha, Strengthens Strategic Deterrence

    Successful Test of ‘Akash Prime Air Defence System’ in Ladakh

    Successful Test of ‘Akash Prime Air Defence System’ at 15,000 Feet in Ladakh

    CDS Chauhan: India Needs Tomorrow’s Tech to Win Today’s Wars

    India Needs Tomorrow’s Tech to Win Today’s Wars, Says CDS Anil Chauhan; Urges Indigenous Tech Push

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    TRF Declared Global Terror Outfit After India’s Swift Diplomatic Strike

    India’s 72-Hour Blitz After Pahalgam Gets TRF Blacklisted by Washington

    TRF Ban a Win for India: Renewed Momentum to Greylist Pakistan at FATF

    TRF Sanctioned: Will Pakistan’s Terror Nexus Drag It Back to FATF Grey List?

    US Declares Pakistan’s Lashkar Proxy TRF a Terror Outfit,

    Pahalgam Massacre: US Declares Pakistan’s Lashkar Proxy TRF a Terror Outfit, Cites Trump’s Justice Call

    Baloch Insurgents Kill 29 Soldiers: Pakistan Army Losing Control in Balochistan

    Is Balochistan Slipping Away from Pak? 29 Soldiers Killed as BLA, BLF Launch Simultaneous Attacks

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    NCERT Textbook Reveals Mughal Religious Intolerance

    Ruthless Babur, Violent Akbar, Destructive Aurangzeb: NCERT Textbook Reveals Mughal Religious Intolerance

    India Built Gardens Long Before Babur Dreamt of Charbagh

    Before the Mughals: India’s Civilisation Built Gardens Long Before Babur Dreamt of Charbaghs

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Echoes of the Cholas in Today’s Bharat

    Conqueror of the Seas: Rajendra Chola and the Rise of Naval Bharat

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Review Batery Casino India

    Review Batery Casino India

    What Learners Say about Simplilearn AI Course Reviews?

    What Learners Say about Simplilearn AI Course Reviews?

    Karnataka Govt Blames RCB for Chinnaswamy Stampede

    Congress- led Karnataka Govt Blames RCB for Chinnaswamy Stampede, Cites Kohli’s Video in HC

    Ace Alliance: Accelerating Growth in the European iGaming Market

    Ace Alliance: Accelerating Growth in the European iGaming Market

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    LeT’s Muridke Exit: Bahawalpur the New Hub

    Pakistan’s Terror Map Shifts as Lashkar-e-Taiba Flees 400 km South from Muridke to Bahawalpur After Op Sindoor

    Even Terrorists Are Treated Better": Imran Khan Alleges Targeted Abuse

    Treated Worse Than Terrorist: Imran Khan Blames Army Chief Asim Munir for Jail Torture

    Raj Thackeray Warns BJP MP: ‘We’ll Drown You in Mumbai’s Sea’ Over Marathi Row

    Dubo Dubo Ke Maarenge : Raj Thackeray Threatens to Drown BJP MP Nishikant Dubey

    Trump’s Repeated ‘India-Pakistan War’ Boasts: Why It’s Time India Moved On

    Trump’s Repeated ‘India-Pakistan War’ Boasts: Why It’s Time India Moved On

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Air India Crash: US Safety Board Urges Caution Amid Ongoing Investigation

    Air India Crash: US Safety Board Urges Caution Amid Ongoing Investigation

    AI Appreciation Day Celebrated Globally, Spotlight on Innovation and Ethical Progress

    AI Appreciation Day Celebrated Globally, Spotlight on Innovation and Ethical Progress

    India Achieves 50% Non-Fossil Fuel Power Capacity

    India Achieves 50 pc Non-Fossil Fuel Power Capacity, Five Years Ahead of Schedule

    Advantages of Using an EMI Calculator Before Applying for a Personal Loan

    Advantages of Using an EMI Calculator Before Applying for a Personal Loan

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Strategic Shift: Bitra Island for Defence Forces

    India Secures Strategic Edge: Centre Moves to Acquire Bitra Island in Lakshadweep for Defence Forces

    India Successfully Tests Prithvi-II and Agni-I Ballistic Missiles

    India Successfully Tests Nuclear Capable Agni-I & Prithvi-II Ballistic Missiles in Odisha, Strengthens Strategic Deterrence

    Successful Test of ‘Akash Prime Air Defence System’ in Ladakh

    Successful Test of ‘Akash Prime Air Defence System’ at 15,000 Feet in Ladakh

    CDS Chauhan: India Needs Tomorrow’s Tech to Win Today’s Wars

    India Needs Tomorrow’s Tech to Win Today’s Wars, Says CDS Anil Chauhan; Urges Indigenous Tech Push

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    TRF Declared Global Terror Outfit After India’s Swift Diplomatic Strike

    India’s 72-Hour Blitz After Pahalgam Gets TRF Blacklisted by Washington

    TRF Ban a Win for India: Renewed Momentum to Greylist Pakistan at FATF

    TRF Sanctioned: Will Pakistan’s Terror Nexus Drag It Back to FATF Grey List?

    US Declares Pakistan’s Lashkar Proxy TRF a Terror Outfit,

    Pahalgam Massacre: US Declares Pakistan’s Lashkar Proxy TRF a Terror Outfit, Cites Trump’s Justice Call

    Baloch Insurgents Kill 29 Soldiers: Pakistan Army Losing Control in Balochistan

    Is Balochistan Slipping Away from Pak? 29 Soldiers Killed as BLA, BLF Launch Simultaneous Attacks

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    NCERT Textbook Reveals Mughal Religious Intolerance

    Ruthless Babur, Violent Akbar, Destructive Aurangzeb: NCERT Textbook Reveals Mughal Religious Intolerance

    India Built Gardens Long Before Babur Dreamt of Charbagh

    Before the Mughals: India’s Civilisation Built Gardens Long Before Babur Dreamt of Charbaghs

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Echoes of the Cholas in Today’s Bharat

    Conqueror of the Seas: Rajendra Chola and the Rise of Naval Bharat

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Review Batery Casino India

    Review Batery Casino India

    What Learners Say about Simplilearn AI Course Reviews?

    What Learners Say about Simplilearn AI Course Reviews?

    Karnataka Govt Blames RCB for Chinnaswamy Stampede

    Congress- led Karnataka Govt Blames RCB for Chinnaswamy Stampede, Cites Kohli’s Video in HC

    Ace Alliance: Accelerating Growth in the European iGaming Market

    Ace Alliance: Accelerating Growth in the European iGaming Market

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

Public sector banks make the highest recovery of bad loans through IBC

Amit Agrahari by Amit Agrahari
5 June 2019
in Economy
Public sector banks make the highest recovery of bad loans through IBC

(PC: Shutterstock)

Share on FacebookShare on X

India had ‘socialism without entry’ before economic liberalization in the early 1990s. This had a negative impact on the economy and gave the ‘Hindu rate of growth’ to the country. The problem was solved in the early 1990s as the country moved towards a capitalist economy with the advent of economic liberalization. However, the larger framework of the political economy of the country remained ‘capitalism without exit’. The lack of a proper framework for insolvency amassed huge Non-Performing Assets (NPAs) which hampered the health of the banking sector as well as the growth of the economy. Modi government brought path-breaking policy as an Insolvency and Bankruptcy Code (IBC) to solve capitalism without exit problem.

In FY 19, the public sector banks (PSBs) recovered 1.2 lakh crore rupees through IBC resolutions. In the first of the last financial year, 60,713 crore rupees have been recovered while almost the same amount was recovered in the second term. “Due to non-resolution of some big accounts referred under NCLT (National Company Law Tribunal), PSBs could not achieve the resolution target of Rs 1.80 lakh crore. But, these accounts should be resolved in the current financial year,” said an official. The amount nearly doubled as only 74,562 crore rupees was recovered in FY 2017-18. Two large pending cases of Essar Steel and Bhushan Power & Steel Ltd are expected to bring 50,000 crore rupees in PSBs coffer in the ongoing fiscal year and therefore and much bigger recovery is expected in FY 20.

RelatedPosts

Monsoon Session from July 21: Govt to Introduce 8 New Bills

Income Tax Calculator: Explaing Modi govt’s major tax relief for Middle Class

As ‘One Nation, One Election’ Bill reportedly gets Cabinet nod, here is how Electoral Reset would Revolutionize Indian Democracy

Load More

Since the implementation of IBC, 378 companies with 2, 57,642 crore rupees creditor claim has been sent to resolution body. Out this 88 cases had been resolved successfully with 45 percent recovery by lenders.

The gross NPA of the country is INR 10 trillion rupees which is equal to 6 percent of the economy of the country or equal to the GDP of West Bengal.  India has the second largest share of bad debts in the world with 9.6% NPAs of total loans. Only Italy is ahead of us with 16.4 % of NPAs, while other major countries like the US, China, and Japan have 1.1, 1.7, and 1.3% of NPAs respectively. The huge NPAs hurt the lending capacity of banks and credit crunch took a toll on economic growth. The government has to put 2.11 trillion rupees in public sector banks to revive the credit and push capital adequacy to Basel III norms.

According to corporate affairs secretary Injeti Srinivas, 3 trillion rupees has been recovered so far in two years due to implementation IBC. 3500 cases with default around INR 1.2 trillion rupees was withdrawn from NCLT because creditors recovered money by threatening the debtors about going through IBC. However, the pace of resolution under IBC is still slow despite the fact that law has put time constraint. “The two major challenges facing the NCLT process are clogged pipelines and the unsuitability of the method for some classes of stressed assets, especially power and small and medium enterprises (SMEs). At current clearance rates, resolving the whole NPA problem could take another six years or so,” wrote former chief economic advisor Arvind Subramanian in his book ‘Of Counsel’: The Challenges of Modi-Jaitley Economy.

The Insolvency and Bankruptcy Code (IBC) is proving to be the most powerful weapon against the NPA problem, even the Economic Survey 2018 mentioned that the new Insolvency and Bankruptcy code (IBC) was helping to improve the health of banking sector.

Tags: ibcModi governmentPSBs
Share385TweetSend
Previous Post

The rise of Yogi: The untold story of a Mahanth becoming CM and an outstanding one at that

Next Post

BJP leader & Medical professional Dr. Nandini Sharma tears in AAP Gov for saying no to Ayushman Bharat

Related Posts

Air India Crash: US Safety Board Urges Caution Amid Ongoing Investigation
Economy

Air India Crash: US Safety Board Urges Caution Amid Ongoing Investigation

19 July 2025

In the aftermath of the devastating crash of Air India Flight 171, the U.S. National Transportation Safety Board (NTSB)...

AI Appreciation Day Celebrated Globally, Spotlight on Innovation and Ethical Progress
Economy

AI Appreciation Day Celebrated Globally, Spotlight on Innovation and Ethical Progress

16 July 2025

In a world increasingly shaped by intelligent machines, July 16 has taken on a special significance. Marked as Artificial...

India Achieves 50% Non-Fossil Fuel Power Capacity
Economy

India Achieves 50 pc Non-Fossil Fuel Power Capacity, Five Years Ahead of Schedule

15 July 2025

In a major milestone for sustainable energy and climate action, India has achieved 50% of its total installed electricity...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

India’s ULRA Bomber: 12,000-km Beast That Can Strike Anywhere Without Refueling

India’s ULRA Bomber: 12,000-km Beast That Can Strike Anywhere Without Refueling

00:07:39

The Shocking Truth About Mass Conversions in Tamil Nadu

00:07:26

The Butcher of Pahalgam: Sulaiman — Trained by ISI, Pakistan’s Commando-Turned-Terrorist

00:04:13

Congress’s Rohith Vemula Bill: Caste Polarization Masquerading as Reform

00:07:33

Bhima Koregaon Won’t Be Repeated; Maharashtra’s Special Act to Wipe Out Urban Naxals.

00:06:06
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap
MASHABLE IS A GLOBAL, MULTI-PLATFORM MEDIA AND ENTERTAINMENT COMPANY. FOR MORE QUERIES AND NEWS, CONTACT US AT info@mashablepartners.com


©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited