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India’s finance ministry has asked managing directors of public sector banks to review monthly the top 20 insolvency cases, financial services secretary told reporters.
The government has asked for reviews of insolvency cases as there are delays in admission of cases in insolvency courts.
“There are delays in admission stage,” Vivek Joshi, said.
India’s finance minister will also review the government-backed bad bank as there delays in acquiring soured loans, Joshi said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First Published: Dec 22 2023 | 5:43 PM IST
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