The finance ministry has directed heads of public sector banks to closely monitor and review the top 20 cases under the Insolvency and Bankruptcy Code (IBC) as part of their strategy for managing bad assets. During a meeting with the managing directors and CEOs of these banks, financial services secretary Vivek Joshi emphasized the monthly review of these cases for resolution. Additionally, the ministry urged banks to oversee cases that have been pending for admission and resolution under the IBC.
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