A file photo of the Reserve Bank of India in Mumbai. The Insolvency and Bankruptcy Code, 2016 was passed in May 2016, changing the legal framework for insolvency resolution in India. Photo: Aniruddha Chowdhury/Mint
On Tuesday evening, the CEOs of some of Indias biggest banks were on a panel discussing the changing banking landscape, at Mints annual banking conclave at a south Mumbai hotel. Ahead of this, they had been ushered into the speakers lounge where they were expected to pore over the finer points of the evenings discussion over coffee and cookies. Instead, most of them seemed busy checking e-mails and text messages on their mobile phones and trying to figure out, in hushed voice, what was happening to the bids for troubled steel-m…
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