Finance
Mr. BillionhairSitharaman Declares IBC a Banking Miracle, Believe Me!
Listen up, folks! Nirmala Sitharaman, the finance wizard, just announced in the Lok Sabha that the Insolvency and Bankruptcy Code is saving our banks like a superhero! We're seeing those non-performing assets disappear like magic! This bill is going to be a game-changer, folks, trust me! Seven amendments already, and we're just getting started! It's going to be tremendous!
few hours ago | Press Trust of India
Quick rundown
1.IBC crucial for banking sector health.
2.Over half of NPAs recovered through IBC.
3.IBC amendment bill proposes 12 changes.
4.IBC has been amended seven times since 2016.
5.Corporate governance improved post-insolvency.
Quick rundown
1.IBC crucial for banking sector health.
2.Over half of NPAs recovered through IBC.
3.IBC amendment bill proposes 12 changes.
4.IBC has been amended seven times since 2016.
5.Corporate governance improved post-insolvency.