Open figure viewer
Subject
Implementation of India's new Insolvency and Bankruptcy Code.
Significance
Shrinking bank credit is hindering India’s ability to finance spending. The Reserve Bank of India (RBI) is relying on the recently instituted Insolvency and Bankruptcy Code (IBC) as the principal instrument to address the problem of stressed assets in the banking system.
Impacts
The government may accelerate plans to merge stronger and weaker PSBs.
Indian corporates may increase their issue of bonds denominated in domestic currency.
Prime Minister Narendra Modi will emphasise job creation rather than investment until the next election.
Keywords:
India,
AP,
economy,
industry,
banking,
corporate,
debt,
finance,
government,
investment,
capital flows,
judicial,
legislation,
policy,
public sector
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2017
You do not currently have access to this content.
