The NPA resolution drive has led to the rise in business for consultants like EY, Deloitte, PWC etc. To explain the process of how the insolvency of a company under IBC takes place, CNBC-TV18 spoke to Abizer Diwanji, Partner & National Leader-Financial Services, EY- India.
The weighted average cost of funds would be at 9 percent in FY17 versus 9.56 percent reported in FY16, said Kapil Wadhawan, CMD, DHFL.
Public sector Allahabad Bank on May 13 reported a net loss of Rs 581.13 crore for the last quarter ended March 2016 as it substantially raised the amount towards bad loans provisioning in accordance with RBI's asset quality directives
Shailendra Bhandari, MD & CEO, ING Vysya Bank says provision cover for the bank remains best in the indsutry at around 89%.