The last year saw banks take blow after blow- be it the forced recognition of bad loans or taking companies to bankruptcy courts. While the recognition part is over, resolution holds the key for realising the benefits.
The Man who would bear the burden!
Forget finance minister Arun Jaitley, or the Reserve Bank of India Governor Urjit Patel. The man who could deliver for the Indian banking industry in the new year is none other than MS Sahoo, the chairman of the Insolvency and Bankruptcy Board of India (IBBI).
While the two most powerful men in Indian finance have promised funds and forced recognition of bad loans, the harder task is in resolving these mountains of bad loans. And that lies with Sahoo.
The seaso…
Read the full article at: https://economictimes.indiatimes.com/industry/banking/finance/banking/2018-it-will-be-a-year-of-heavy-lifting-for-banking-sector/articleshow/62346816.cms
