Hopes of bankers of lesser haircuts along with resolutions of almost half of the 12 stressed assets under the insolvency proceedings, are close to realization in the next two months.
Nearly ten months after the Reserve Bank of India identified 12 non-performing assets (NPAs), estimated to account for 25 percent of the gross NPAs of all banks, for immediate referral under the Insolvency and Bankruptcy Code (IBC), almost five are set to see the light in the next two months.
The assets close to the stage of approval by the committee of creditors (CoC), especially the steel companies, have seen satisfactory interest from strategic buyers.
Haircuts are the potential losses the lenders would have to take in comparison to the …
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