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IBC process helps recover Rs 70,000 crore bad loans in FY19, says report

Updated : May 15, 2019 06:35 AM IST

The recovery rate for the 94 cases resolved through IBC by FY2018-19 is 43 percent, compared with 26.5 percent through earlier resolution mechanisms.
As on March 31, 2019, there were 1,143 cases outstanding under the IBC of which resolution in 32 percent of the cases was pending for more than 270 days.
IBC process helps recover Rs 70,000 crore bad loans in FY19, says report

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