Bad Loan Mess: Heavy Haircut For Banks? | Big Bank Mess | India Development Debate

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Hope is fading for banks for a bailout through the IBC route. The assets of 9 NPA firms will go under the hammer very soon. But, it looks like the auction is unlikely to bring an end to their woes. For instance, there are just two bidders for Essar Steel’s assets after the deadline for bidding ended. The low appetite for NPA assets is turning out to be another big headache for banks. On this edition of India Development Debate, we look at the challenges before banks in getting their money back through the IBC route. Listen in!

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