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New Delhi, May 29 (PTI) The Insolvency and Bankruptcy Code has reshaped India’s credit culture by instilling financial discipline among borrowers and strengthening corporate governance practices, according to a research study conducted by the Indian Institute of Management, Bangalore.
The study is based on the comprehensive draws on a wide dataset covering corporate insolvency resolution proceedings sourced from the Insolvency and Bankruptcy Board of India for the period 2017–2023, financial data from CMIE Prowess from 2010 to 2024, and RBI data on non-performing assets over the same period.
The study found that the IBC led to a sharp improvement in credit…
