Bad loans & IBC: Going as expected

Indeed, the IBC has only proven how wide and deep corrupt banking practices in PSBs were

Last week Union Finance Minister Nirmala Sitharaman told the Rajya Sabha that scheduled commercial banks had written off Rs 10 trillion of bad loans in five years and that only 13 per cent of the write-off had been recovered. Separately, the cumulative recovery of bad loans through the Insolvency and Bankruptcy Code (IBC) until September (since the IBC came into existence in 2016) has been just 30.8 per cent. To those who have read my previous 10 articles on the origin of bad loans and the IBC’s role in recovery, this would not come as a surprise. While these two