Beena Parmar
Moneycontrol News
Debt in the balance sheets of most public sector banks may not get drastically reduced as bankers expect less than 50 percent recovery of the loans under insolvency.
A month after the insolvency and bankruptcy process kick-started, three companies — Jyoti Structures, Monnet Ispat and Energy and Alok Industries — have been admitted into proceedings by the National Company Law Tribunal (NCLT), the company court.
A senior State Bank of India executive said, Insolvency is a process which has empowered us to take decisions. The real test is yet to be seen but I do not expect much recovery in the loans as most of them have been NPAs for more than 2-3 years now. In some cases there may be recovery o…
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