 "Sitharaman")
With finance minister Nirmala Sitharaman announcing merger of smaller public sector banks with larger ones, experts believe it will be positive step.
It will build a consensus among lenders that are a part of the committee of creditors (CoC) of companies undergoing resolution via the insolvency and bankruptcy code (IBC) or via the inter-creditor agreement in accordance with the June 7 circular of the Reserve Bank of India (RBI).
In the current form, with so many lenders being a part of the CoC, often the resolution process gets stuck with many smaller players not agreeing with the majority view. In
