IBC a big success story for cleaning banking system: Financial Services Secretary Rajiv Kumar

The acquisition of debt-ridden Bhushan Steel by Tata Steel reflects success of the insolvency and bankruptcy law which will help in cleansing the banking system as well as boost lenders' profitability, Financial Services Secretary Rajiv Kumar said today.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2rQDq0A