RBI

RBI's rules on NPAs may add to provisioning burden but aid in loan recovery

“There is a lot of incentive for banks and promoters to find a resolution before the matter moves to the IBC, If it goes to court, there is no certainty if the promoters will remain in the company, and the haircut banks will have to take,”

Ashish Chhawchharia
Partner - Restructuring Services, Grant Thornton Advisory Private Limited

This article appeared in Business Standard on 14th February, 2018.