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.