Resolution of twin balance sheet problem to take 6-9 months, says Assocham
Assocham also said the process of resolution of the companies under Insolvency and Bankruptcy Code (IBC) reference would gather pace in the coming months. Twin balance sheet problem refers to the stress on balance sheets of banks due to non-performing assets (NPAs) or bad loans on the one hand, and heavily indebted corporates on the other
D S Rawat urged the RBI to relax the norms proposed in its February circular on the revised framework for resolution of stressed assets, claiming that these are quite harsh both on the bank as also the borrowers. Image source: Pixabay