He emphasized IBC's critical role in improving bank asset quality and facilitating substantial pre-admission settlements of underlying debts of over 10 lakh crore.
While acknowledging the substantial progress made in cleaning up banks' balance sheets, the deputy governor underscored potential areas of improvement. In his address, he stressed the importance of collaborative efforts among stakeholders, with a focus on restructuring and revival, and suggested that detailed studies of IBC cases could provide valuable insights for future lending strategies.
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