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Anjali Sharma
Anjali Sharma holds a graduate degree in economics and an M.B.A. in finance. She has a work experience of 12 years in the area of corporate finance. She has held finance positions in TATA Group companies in the space of telecommunications and financial services. She has been a research consultant at the Finance Research Group at IGIDR (Indira Gandhi Institute of Development Research) since 2013, and leads the research secretariat to the Standing Council on International Competitiveness of the Indian Financial System. She was part of the research secretariat for the Bankruptcy Legislative Reforms Committee (BLRC).
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Understanding the recent ordinance amending the Insolvency and Bankruptcy Code
The Insolvency and Bankruptcy Code, 2016 (IBC) is a landmark reform for India. One year after the notification of the law, an Ordinance to amend IBC has been promulgated, which bars several categories of persons and entities from participating in the IBC processes. In this article, Sengupta and Sharma discuss how the Ordinance goes against some of the core principles of the IBC and analyse how it is likely to impact bankruptcy outcomes.
Bank financing of stressed firms
There is anecdotal evidence that banks in India have been extending credit to highly distressed firms. By delaying recognition of bad loans, banks may improve their own profitability in the short run, but in the long run, this has only exacerbated the non-performing asset crisis in the banking sector. This column provides preliminary empirical evidence that banks have indeed been throwing good money after bad.
The size of personal bank credit in India
In May 2016, the Insolvency and Bankruptcy Code law was passed by Indian Parliament and received presidential assent. The law consists of provisions for both corporate and personal insolvency. However, only the corporate insolvency provisions are being implemented. In this article, Sane and Sharma focus on personal credit extended by banks with a view to informing policy actions on personal insolvency provisions of the Code.