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The Economic Times

Economy / The Economic Times

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IBC helped banks recover 52% bad loans: Nirmala Sitharaman

India's insolvency law has significantly boosted the banking sector. The Insolvency and Bankruptcy Code has helped rescue struggling companies and recover bad loans. A new amendment bill passed in the Lok Sabha introduces fresh resolution frameworks. This aims to speed up the rescue of stressed firms and improve loan recovery processes across the country.

31 Mar 2026 1:04 am