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FM CREDITS IBC FOR AIDING BANKS IN NPA CRISIS RECOVERY

Why in the news? The Finance Minister cites the RBI report emphasizing IBC’s role in aiding banks to recover from the NPA crisis. IBC served as a crucial mechanism for banks to address stressed assets and facilitate recovery. source:micoope  About the NPA crisis: Non-Performing Assets (NPAs) are loans where payments haven’t been made for 90 …

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