Insolvency system returned bad loans worth â¹4 lakh cr: Govt
Around â¹4 lakh crore worth of bad loans accumulated by banks had returned due to the system set in place by the Insolvency and Bankruptcy Code, Corporate Affairs Secretary Injeti Srinivas has said. A "good outcome" on the 12 large bad loan accounts referred by the RBI for insolvency resolution would help boost confidence in the system, he added.