Govt Asks State-run Banks To Review Top 20 Insolvency Cases Monthly
India's finance ministry has asked managing directors of public sector banks to review monthly the top 20 insolvency cases, the financial services secretary told reporters.
The government has asked for reviews of insolvency cases as there are delays in the admission of cases in insolvency courts.
"There are delays in the admission stage,” Vivek Joshi, said.
India's finance minister will also review the government-backed bad bank as there are delays in acquiring soured loans, Joshi said.
