BS Banking Round Table 2017: IBC has shifted balance of power, say bankers

SBI's Rajnish Kumar says companies' deleveraging impeding credit growth; ICICI Bank's Chanda Kochhar says if disintermediation is added, the banking growth could be in the range of 12-12.5%

The Insolvency and Bankruptcy Code (IBC) has changed the equation in the lender-borrower relationship, with errant promoters now eager to resolve the bad debt mess at the earliest for fear of losing their companies, top bankers of the country said on Wednesday at the Business Standard Banking Round Table 2017, held in Mumbai.
 
State Bank of India (SBI) Chairman Rajnish Kumar, ICICI Bank Managing Director and Chief Executive Officer (MD & CEO) Chanda Kochhar, Union Bank of India MD &CEO Rajkiran Rai G, Standard Chartered Bank India CEO Zarin Daruwala, and former Reserve Bank of India (RBI) deputy governor