Recovery of stressed assets improved marginally in FY19 driven by IBC: RBI

In 2018-19 (FY19), the recovery of stressed assets increased marginally, mainly driven by resolutions under the Insolvency and Bankruptcy Code (IBC). Cases referred for recovery under various mechanisms grew over 27 per cent in volume and tripled in value during the year, leading to a pile-up of bankruptcy proceedings. In FY19, around Rs 8.15 trillion worth of stressed assets were involved in the recovery process, up more than 200 per cent from Rs 2.70 trillion in 2017-18. The amount involved under IBC was Rs 1.66 trillion and more than Rs 70,819 crore was recovered, with a recovery rate of 42.5