Timeline for IBC resolution needs to be shortened: Shaktikanta Das


Timeline for IBC resolution needs to be shortened: Shaktikanta Das

Replying to a question on the large haircuts that creditors have taken in some cases recently Das pointed out that the present National Company Law Tribunal (NCLT) system has given better returns.

“With regard to any kind of movement of stress in the retail and MSME sector we are very closely monitoring, yes there is a visibility of little bit stress from the past data but it is not alarming,” Jain said in the post monetary policy conference while interacting with reporters. “We are constantly engaged with the regulated entities, particularly the outlier banks and NBFCs.”


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