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Govt asks PSBs to look for alternative resolution mechanism outside IBC

Banks have also been asked to promote the disbursement of Mudra loans

Topics
public sector banks | PSBs | IBC

Somesh Jha  |  New Delhi 



Corporate Insolvency Resolution Process

The Union government has directed public sector (PSBs) to look for an alternative resolution mechanism outside the (IBC). The government has further told them to build “resilient credit risk control systems” for high-value loans, and has set a deadline of 45 days to decide upon consortium lending proposals.

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First Published: Fri, October 18 2019. 01:15 IST

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