IBC Effectiveness Declines: Banks Rethink Recovery Strategies and Embrace Technology
Banks Reevaluate Recovery Strategies as IBC Effectiveness Declines Introduction: A Shift in Recovery Strategies In recent times, Indian banks have been facing challenges in recovering stressed loans, particularly as the effectiveness of the Insolvency and Bankruptcy Code (IBC) has shown signs of decline. The IBC was introduced in 2016 to expedite the resolution of stressed…