Ecosystem in India not ready for bankruptcy law: SBI chief Arundhati Bhattacharya

The country needs more insolvency resolution professionals, said Arundhati Bhattacharya. Photo: Abhijit Bhatlekar/Mint

The “ecosystem” for rapid dispute resolution under the Insolvency and Bankruptcy Code is not ready yet, State Bank of India (SBI) chairman Arundhati Bhattacharya said on Tuesday, adding that the country’s biggest lender is not “rushing” to settle its stressed accounts under the new law.

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