Success Story of IBC
Civilservices chronicle 0 Citing Reserve Bank of India statistics, the
judgment said "credit that has been given by banks and financial
institutions to the commercial sector (other than food) has jumped up from Rs
4,952.24 crore in 2016-2017, to Rs 9,161.09 crore in 2017-2018, and to Rs
13,195.20 crore for the first six months of 2018- 2019 civil services chronicle magazine. The court noted that
the "credit flow from non-banks has gone up from Rs 6,819.93 crore in
2016-2017, to Rs 4,718 crore for the first six months of 2018-2019.Ultimately,
the total flow of resources to the commercial sector in India civil services chroniclesubscription online, both bank and non-bank, and domestic and
foreign (relatable to the non-food sector) has gone up from a total of Rs
14,530.47 crore in 2016-2017, to Rs18,469.25 crore in 2017- 2018, and to Rs
18,798.20 crore in the first six months of 2018-2019, Civil services chronicle " it pointed out. Summing
up, the court said that the figures were proof that "the experiment
conducted in enacting the Code is proving to be largely successful civil services chronicle magazine.





