Lenders eye large accounts this year to arrest declining trend in recoveries
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Lenders eye large accounts this year to arrest declining trend in recoveries

By Beena Parmar

  • 09 Jun 2021
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Lenders eye large accounts this year to arrest declining trend in recoveries
Credit: 123RF.com

Recoveries made by financial creditors through the Insolvency and the Bankruptcy Code declined to a fourth in FY21 as compared to the preceding year.   For the full year ended March FY21, lenders recovered only Rs 26,000 crore from the resolutions under the IBC, which is a quarter of the realisations made ......

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